EURAU Stablecoin Debuts: Deutsche Bank, Galaxy Launch Europe’s First MiCA-Regulated Euro Token

EURAU stablecoin has become Germany’s first regulated euro-denominated digital currency after a joint venture between Deutsche Bank’s asset management arm DWS, Flow Traders, and Galaxy Digital obtained regulatory approval through an electronic money institution (EMI) license granted by the Federal Financial Supervisory Authority (BaFin) on July 1, 2025.

The AllUnity stablecoin will adhere to the European Markets in Crypto Assets (MiCA) regulatory framework and maintain full collateralization, providing institutional-grade transparency through proof of reserves and comprehensive regulatory reporting, according to a July 2 press release.

1/ 𝐀𝐥𝐥𝐔𝐧𝐢𝐭𝐲 𝐒𝐞𝐜𝐮𝐫𝐞𝐬 𝐁𝐚𝐅𝐢𝐧 𝐄𝐌𝐈 𝐋𝐢𝐜𝐞𝐧𝐬𝐞 𝐭𝐨 𝐋𝐚𝐮𝐧𝐜𝐡 𝐢𝐭𝐬 𝐌𝐢𝐂𝐀𝐑-𝐂𝐨𝐦𝐩𝐥𝐢𝐚𝐧𝐭 𝐄𝐮𝐫𝐨 𝐒𝐭𝐚𝐛𝐥𝐞𝐜𝐨𝐢𝐧

AllUnity, a joint venture between @DWS_Group, @FlowTraders, and @galaxyhq, has been granted an E-Money Institution (EMI)… pic.twitter.com/TG5U2xYf1c

The EURAU stablecoin is designed to facilitate round-the-clock instant cross-border settlements and seamless integration for regulated financial institutions, fintech companies, treasury operations (ERP systems), and enterprise clients throughout Europe and internationally.

Exciting step for Europe's digital future. @AllUnityStable, our joint venture with @FlowTraders and @DWS_Group, has obtained an EMI license from BaFin, Germany’s securities regulator.

This clears the path for EURAU, a fully regulated, euro-backed stablecoin built for… pic.twitter.com/5JiqzOa0dn

Stefan Hoops, CEO of DWS, emphasized the importance of this development, stating that “The E-Money Institution (EMI) license marks an inflection point for the European financial industry as it enables the issuance of the first fully regulated EUR stablecoin out of Germany.“

Hoops further elaborated that “DWS and its joint venture partners believe that bringing the euro onto the blockchain represents a foundational building block for the future of the European financial and real economy, creating a gateway to Europe and a more efficient financial system.“

Mike Novogratz, Founder and CEO of Galaxy, expressed confidence that EURAU will allow frictionless, compliant, and transparent value transfer, unlocking real utility for institutions, fintechs, and enterprises across borders.

Flow Traders will contribute to the initiative through its expertise as a leading global liquidity provider and market maker, while Galaxy Digital, recognized as a prominent leader in digital assets and blockchain, will help institutions operate in the evolving digital economy as EURAU develops into a fully regulated, euro-backed stablecoin designed for institutional use.

The AllUnity EURAU stablecoin was initially announced in December 2023 and has gained strong momentum following the recent approval of its EMI license and compliance with Europe’s MiCA framework.

INSIGHT: Euro‑pegged stablecoins surged 44% in H1 2025 — from $310M → $480M in market cap.

Circle’s EURC leads with +138%, now ~$200M. EUR stables still