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ChainCatcher news, according to Bloomberg, the venture capital company AllUnity, supported by DWS Group of Deutsche Bank, Dutch market maker Flow Traders, and financial service provider Galaxy Digital, announced on July 31 the launch of Germany's first regulated euro stablecoin EURAU. This stablecoin is issued on the Ethereum blockchain and is fully collateralized by reserves from several European banks, complying with the EU's regulatory framework for crypto assets. Bullish exchange will serve as its initial listing platform.AllUnity obtained an Electronic Money Institution (EMI) license from the German Federal Financial Supervisory Authority (BaFin) at the beginning of the month. EURAU will fully comply with the European Markets in Crypto-Assets (MiCA) framework, being 100% collateralized and providing institutional-level transparency through reserve proof and regulatory reporting. This stablecoin can be used for instant cross-border settlements around the clock, offering seamless integration for regulated financial institutions, fintech companies, and corporate clients in Europe and beyond.

ChainCatcher news, according to Cointelegraph, the stablecoin company AllUnity, a joint venture between asset management firm DWS and banking giant Deutsche Bank, has received approval from the Federal Financial Supervisory Authority (BaFin) of Germany to issue a euro-pegged stablecoin EURAU that complies with the Markets in Crypto-Assets (MiCA) framework.The stablecoin project has been in planning for over a year, and this regulatory approval marks a significant advancement for the joint venture's digital currency initiative in the European market. EURAU will provide institutional-grade proof of reserves and financial reporting to ensure transparency.

ChainCatcher news, the Swiss Stock Exchange SIX announced that DWS Xtrackers has become the 17th crypto ETP issuer on SIX. DWS Xtrackers has launched two new products, one targeting Bitcoin and the other targeting Ethereum.SIX stated that since the beginning of this year, the trading volume of 170 cryptocurrency ETPs listed on the Swiss SIX has reached 1.8 billion Swiss francs, with nearly 145,000 transactions. Among the 376 cryptocurrency ETPs and derivatives, Bitcoin dominates with a demand share of 45.2%, followed by Ethereum (15.0%) and Solana (11.5%).

ChainCatcher news, DWS economist Ulrike Kastens stated in a report that the inflation data from the Eurozone indicates that the European Central Bank's 2% inflation target is unlikely to be achieved soon. She noted that high wages in the service sector suggest that prices will continue to rise, and inflation rates will continue to fluctuate in the coming months. However, this is unlikely to change the European Central Bank's future monetary policy, especially considering that the weakness of the European economy will exceed the European Central Bank's expectations. She expects the European Central Bank to cut interest rates again in September. As long as there is a possibility of reaching the inflation target in the medium term, the European Central Bank should remain prepared to further adjust its monetary policy.

ChainCatcher news, according to Reuters, European fund giant DWS (DWSG.DE) has created a new company as part of its plan to launch the first cryptocurrency regulated by Germany next year.DWS, a subsidiary of Deutsche Bank, manages assets worth €941 billion (approximately $1 trillion) globally, and the company plans to launch the first euro stablecoin regulated by the Federal Financial Supervisory Authority (BaFin) in 2025. The BaFin declined to comment.

ChainCatcher news, according to Blockworks, Galaxy is seeking to collaborate with asset management company DWS and trading firm Flow Traders to introduce a stablecoin aimed at accelerating the widespread adoption of on-chain assets. This forward-looking plan leverages the opportunities provided by the European regulatory framework, but ultimately will depend on various approvals.The company stated on Wednesday that the proposed stablecoin AllUnity will be fully collateralized and denominated in euros. The entity plans to be registered in Frankfurt, with the next step being to apply for an E-money license from the German financial regulator BaFin. Galaxy aims to launch the stablecoin within 12 to 18 months.A spokesperson stated that AllUnity plans to launch on several public permissionless blockchains, including Ethereum and Solana.

ChainCatcher news, according to Bloomberg, DWS, a German asset management company with approximately $900 billion in assets under management, is preparing to launch a cryptocurrency exchange-traded fund for retail investors. In April of this year, DWS signed an agreement with cryptocurrency fund management company Galaxy Digital Holdings Ltd. to develop a set of ETFs for the European market. In addition to developing cryptocurrency ETFs for retail buyers, the DWS Fintech fund has also expanded its willingness to purchase cryptocurrencies.

ChainCatcher news, according to Coindesk, cryptocurrency-focused financial services company Galaxy Digital announced it will collaborate with DWS to develop exchange-traded products (ETPs) listed in Europe. The announcement stated that Frankfurt-based DWS manages €821 billion (approximately $907 billion) in assets and will become Galaxy's "exclusive ally" in European crypto ETPs. (Source link)

ChainCatcher news, according to Bloomberg, DWS Group, the asset management arm of Deutsche Bank, is in talks to invest in two German crypto companies. According to insiders, DWS CEO Stefan Hoops has begun negotiations to acquire a minority stake in ETF provider Deutsche Digital Assets and trading firm Tradias.As a long-time advocate for cryptocurrencies, Hoops stated during last week's earnings call that the current low prices of crypto assets could create "interesting opportunities" for DWS. In the company's roadmap released last December, Hoops mentioned that one of the company's goals is to support access to its products via blockchain, with a vision to create a euro stablecoin and establish or invest in various blockchain-related services. (source link)