🚀 AllUnity Secures EMI License from German Regulator
#AllUnity #EMILicense #GermanRegulator #DeutscheBank #DWS #FlowTraders #GalaxyDigital #Stablecoins #TokenizedAssets
According to PANews, AllUnity, a joint venture of Deutsche Bank's DWS, Flow Traders, and Galaxy Digital, has received an Electronic Money Institution (EMI) license from the German Federal Financial Supervisory Authority (BaFin) as of July 1. This development follows previous reports that Deutsche Bank's DWS Group, Dutch market maker Flow Traders Ltd., and cryptocurrency fund manager Galaxy Digital Holdings Ltd. were planning to establish a company focused on issuing euro-denominated stablecoins under the name AllUnity. The initiative aims to promote broader mainstream adoption of tokenized assets.#AllUnity #EMILicense #GermanRegulator #DeutscheBank #DWS #FlowTraders #GalaxyDigital #Stablecoins #TokenizedAssets
🚀 Launch of Swiss Franc-Backed Stablecoin CHFAU by AllUnity
#SwissFranc #Stablecoin #CHFAU #AllUnity #DeutscheBank #DWS #Flow #Galaxy #ERC20 #MiCAregulation #InstitutionalInvestors #ProfessionalInvestors #Blockchain #EU #EURAU
AllUnity, a collaboration involving Deutsche Bank's DWS, Flow, and Galaxy, has introduced a new stablecoin backed by the Swiss franc, named CHFAU. According to NS3.AI, this ERC-20 token adheres to the EU's MiCA regulation and is currently accessible exclusively to institutional and professional investors. The company intends to extend CHFAU support to additional blockchains later this year, building on their previous release of the euro-backed stablecoin EURAU.#SwissFranc #Stablecoin #CHFAU #AllUnity #DeutscheBank #DWS #Flow #Galaxy #ERC20 #MiCAregulation #InstitutionalInvestors #ProfessionalInvestors #Blockchain #EU #EURAU