📢 The asset management company DWS and the joint venture with Deutsche Bank have established the stablecoin company AllUnity, which has obtained authorization from the German Federal Financial Supervisory Authority (BaFin) to issue a euro-backed stablecoin EURAU compliant with the regulatory framework for crypto assets (MiCA).
This stablecoin plan, which lasted over a year, has received approval from regulators, marking an important milestone for this joint venture in the digital currency market in Europe. EURAU will provide institutional-grade proof of reserves and financial reports to ensure transparency in its operations.
