Deutsche Börse Group and regulated e-money institution AllUnity have signed a memorandum of understanding (MoU) to integrate EURAU, AllUnity’s euro-backed stablecoin, into Deutsche Börse’s infrastructure.
The partnership engages two of Deutsche Börse’s subsidiaries: Clearstream, to provide institutional-grade custody for EURAU, and Crypto Finance as sub-custodian.
Clearstream states in a press release that this approach provides a “transparent and reliable framework for integrating EURAU stablecoin within established financial infrastructure” that is compliant with the Markets in Crypto-Assets Regulation (MiCAR). The partnership “represents a tangible step toward digitising European markets and enhancing settlement and liquidity processes”.
Plans are underway to further the collaboration by integrating EURAU across the entire service portfolio of Deutsche Börse Group.
