DWS Group partners with Galaxy Digital and Flow Traders to launch a regulated euro stablecoin, AllUnity. The venture aims to bridge traditional and digital finance, enabling secure on-chain settlements. AllUnity, regulated by BaFin, focuses on mass adoption of digital assets. Expected to incorporate in 2024, the stablecoin launch awaits regulatory approval. Anticipating clearer regulations, it plans issuance across major public L1s and L2s, including DeFi platforms.
German asset manager DWS joins Galaxy to issue euro stablecoin
