Finance
DWS venture gets German finance regulator's approval for euro stablecoin
Published by Global Banking & Finance Review®
Posted on July 2, 2025
1 min readLast updated: January 23, 2026
Global Banking & Finance Review®
Company
Published by Global Banking & Finance Review®
Posted on July 2, 2025
1 min readLast updated: January 23, 2026
DWS and Deutsche Bank's joint venture AllUnity has received BaFin approval to issue a euro stablecoin, a key step in digital currency regulation.
FRANKFURT (Reuters) -AllUnity, a joint venture that includes Deutsche Bank's asset manager DWS, said on Wednesday it had received a license by the German regulator BaFin to issue a euro stablecoin.
The plans for the stablecoin have been in the works for more than a year.
Stablecoins are digital tokens designed to keep a constant value and are backed by traditional currencies such as the U.S. dollar or euro.
(Reporting by Tom Sims, Editing by Miranda Murray)
The stablecoin is designed to maintain a constant value and is backed by traditional currencies, such as the euro.
The German regulator BaFin has granted approval for the issuance of the euro stablecoin.
The plans for the stablecoin have been in development for over a year.
AllUnity is a joint venture that includes Deutsche Bank's asset manager DWS.
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