Deutsche Bank’s DWS, Galaxy and Flow Traders to Introduce German-Regulated Stablecoin

DWS: German Defense Firms Need a Lot of Private Credit

With governments across the globe promising to increase their defense spending, more investment in defense firms is needed to meet this demand. This is a gap which private credit can fill says Stefan Hoops, CEO of asset management firm DWS. He sees the best private credit opportunities in non-publicly traded small and medium sized companies across the defense supply chain. Hoops spoke to Anna Edwards on 'Bloomberg: The Pulse'. (Source: Bloomberg)

Deutsche Bank’s DWS, Galaxy and Flow Traders to Introduce German-Regulated Stablecoin

A joint venture between Deutsche Bank’s (DBK) asset management subsidiary DWS, Flow Traders and Galaxy (GLXY) said it will issue Germany’s first regulated, euro-denominated stablecoin after receiving an e-money institution (EMI) license from the Federal Financial Supervisory Authority (BaFin) this week.The AllUnity EURAU stablecoin, which will comply with Europe’s Markets in Crypto Assets (MiCA) framework, was teased by the companies back in Dec…

Crypto News: MiCA-Compliant EURAU Stablecoin Approved as AllUnity Secures BaFin License - Coin Surges

The post Crypto News: MiCA-Compliant EURAU Stablecoin Approved as AllUnity Secures BaFin License appeared first on Coinpedia Fintech News AllUnity, a joint venture asset manager between DWS, Flow, Traders, and Galaxy, has announced that it has received a BaFin license in Germany to issue a MiCA-compliant euro-pegged stablecoin, EURAU. This encourages the launch of EURAU with institutional-grade proof reserves and financial reporting, ensuring tr…

Euro Stablecoin by DWS and Deutsche Bank Gets License

The post Euro Stablecoin by DWS and Deutsche Bank Gets License appeared on BitcoinEthereumNews.com. AllUnity, a joint stablecoin venture by asset manager DWS and banking giant Deutsche Bank, received a license from the German Federal Financial Supervisory Authority (BaFin), according to a Wednesday announcement. BaFin has granted an E-Money Institution (EMI) license to AllUnity. With the license, the company plans to issue a regulated and BaFin-…

Cake Wallet Adds Support For Decentralized Euro Stablecoin - Data Intelligence

Cake Wallet added the decentralized stablecoin dEURO to its offerings on Tuesday, expanding its stable of euro-denominated digital assets for users. The decentralized stablecoin is overcollateralized by other digital assets, including Bitcoin (BTC), Ether (ETH) and Monero (XMR), meaning that to mint the dEURO stablecoin, users must first deposit other cryptocurrencies as collateral. Overcollateralizing, or depositing cryptocurrency worth more th…