365Crypto
Deutsche Bank and asset manager DWS are making a bold move with their euro-backed stablecoin, EURAU. The token, built by their joint venture AllUnity, is now expanding across major blockchains using Chainlink’s Cross-Chain Interoperability Protocol (CCIP).
Chainlink Powers a Multichain Euro
AllUnity announced that EURAU will connect with Ethereum, Arbitrum, Base, Optimism, Polygon, and Solana through CCIP. The team also plans to integrate with the Canton Network, a blockchain built for institutional finance.
CEO Alexander Höptner said CCIP will let EURAU operate “seamlessly across multiple blockchains,” boosting its usability across DeFi and enterprise systems. Fernando Vazquez, Chainlink Labs’ head of banking, called this a milestone for “Europe’s next generation of tokenized finance.”
Built for Europe’s Digital Economy
EURAU isn’t just another stablecoin. It’s fully backed by reserves and MiCA-compliant, meaning it follows the EU’s strict crypto asset regulations. It’s designed for business payments, treasury operations, and onchain settlement — not just retail trading.
AllUnity is supported by financial heavyweights. DWS manages over €1 trillion in assets, while Deutsche Bank holds roughly the same on its balance sheet. Together, they aim to position EURAU as Europe’s reliable digital euro.
A Step Toward a Tokenized Future
By connecting blockchains through Chainlink’s CCIP, EURAU will act as a bridge across decentralized ecosystems. The protocol lets smart contracts on one network securely interact with assets or apps on another — a key step toward real-world, crosschain finance.
AllUnity’s EURAU received a license from Germany’s BaFin in July, clearing the way for its official launch under the MiCA framework. With this, Europe’s crypto infrastructure takes another decisive leap into the future of tokenized finance.
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CCIP: Chainlink’s protocol for transferring tokens and data across different blockchains.
MiCA: EU regulation that governs crypto assets to protect users and stabilize the market.
