On October 31st, Deutsche Bank and asset management company DWS jointly launched the euro stablecoin EURAU, which has now been extended to multiple blockchain networks, including Ethereum, Arbitrum, Base, Optimism, Polygon and Solana, through Chainlink's Cross-Chain Interoperability Protocol (CCIP). In addition, EURAU plans to further support the Canton network, which focuses on institutional financial applications.
EURAU is a euro stablecoin compliant with the European Union's Crypto Asset Markets Regulation (MiCA), fully backed by reserves, and is mainly used in scenarios such as corporate payments, money management, and on-chain settlements. According to Alexander Höptner, CEO of AllUnity, CCIP technology will enable EURAU to operate seamlessly across multiple blockchains, enhancing its reach and usability. Fernando Vazquez, head of banking and capital markets at Chainlink Labs, added that the integration lays the foundation for the next phase of tokenized finance in Europe.
AllUnity was co-founded by Deutsche Bank and DWS. DWS has assets under management of 1.01 trillion euros, and Deutsche Bank has assets of about 1.647 trillion dollars. The project was approved by the German Federal Financial Supervisory Authority in July this year to officially issue the EURAU stablecoin in line with the MiCA framework.
Deutsche Bank and DWS-backed EURAU stablecoin achieve multi-chain scaling through Chainlink
2025-10-31 09:15:19
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