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Deutsche Börse Group and AllUnity have signed a Memorandum of Understanding to integrate AllUnity’s regulated euro-backed stablecoin, EURAU, into the exchange operator's financial market infrastructure. The partnership aims to unlock new opportunities for digital financial markets in Europe by bridging the gap between traditional finance and the emerging digital asset economy.
As an initial step in this cooperation, EURAU will be made available for institutional-grade custody through Clearstream, Deutsche Börse’s post-trade services provider. This arrangement will leverage the German entity of Crypto Finance, also a subsidiary of Deutsche Börse Group, as the sub-custodian. The structure is designed to ensure a fully regulated and secure framework for market participants to access the fully-reserved, MiCAR-compliant euro stablecoin solution.
Future phases of the collaboration intend to integrate the euro stablecoin across Deutsche Börse Group’s entire service portfolio, potentially expanding its utility beyond custody into settlement and broader liquidity processes.
“Europe is taking a global lead in regulated digital finance, and we are proud that AllUnity is contributing to this milestone with our euro-backed Stablecoin, EURAU,” said Alexander Höptner, CEO of AllUnity. “By partnering with Deutsche Börse Group, we are making on-chain cross border payments and digital assets accessible to institutional market participants in a secure and compliant way.”
The partnership is explicitly aligned with the European Union’s Markets in Crypto-Assets Regulation (MiCAR), which provides a unified regulatory framework for digital assets across the bloc. This alignment offers a transparent and reliable foundation for integrating EURAU within established financial infrastructure, representing a tangible step toward digitising European markets.
Stephanie Eckermann, Member of the Executive Board of Deutsche Börse Group, responsible for Post-Trading, added: “Our goal is to build a seamless bridge between the established financial world and the future of digital assets. This partnership with AllUnity is an important component of that bridge. By further embedding institution-grade stablecoins within our regulated framework, we empower our clients to confidently explore new possibilities in digital finance, backed by the security and market integrity they have come to expect from us.”
This collaboration marks a further milestone in Deutsche Börse Group’s digital strategy. It builds on recent announcements regarding collaborations with other stablecoin issuers and complements the Group’s existing cryptocurrency business through Crypto Finance. Additionally, the move aligns with the Group's exploration of wholesale central bank digital currencies (wCBDC), following successful trials with the European Central Bank (ECB) last year using the Group’s D7 distributed ledger technology (DLT) solution.
AllUnity itself is a joint venture between DWS, Flow Traders, and Galaxy, established to build a regulated digital payments infrastructure for Europe.
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