Deutsche Bank and DWS Support EURAU's Multichain Growth in Line with MiCA Regulations

AllUnity has enhanced its EURAU stablecoin—a euro-backed digital asset that meets the EU’s Markets in Crypto-Assets (MiCA) standards—by expanding its cross-chain functionality through Chainlink’s Cross-Chain Interoperability Protocol (CCIP). Announced in October 2025, this upgrade allows EURAU to function smoothly on

, , Base, Optimism, Polygon, and , with future plans to support the institution-oriented Canton Network, according to a . This development is intended to broaden EURAU’s use cases for business-focused solutions like B2B transactions, treasury operations, and blockchain-based settlements, as noted by .

Supported by

and asset management firm DWS, EURAU is entirely backed by euro reserves and holds a license from Germany’s Federal Financial Supervisory Authority (BaFin) under MiCA, according to . By deploying across multiple blockchains, the stablecoin utilizes Chainlink’s CCIP to enable secure asset transfers and data exchange between networks, helping to unify Europe’s digital finance sector—a point also highlighted by Cointelegraph. AllUnity CEO Alexander Höptner stated that this integration “broadens accessibility and functionality,” while Chainlink’s Fernando Vazquez described it as a key step for “the future of tokenized finance” in Europe, as reported by .

This expansion is in line with wider regulatory initiatives to create a solid framework for stablecoins. MiCA, which became effective in late 2024, requires clear disclosures, reserve verifications, and consumer safeguards for digital assets, as detailed by

. By adhering to these rules, EURAU positions itself as a trustworthy alternative to dollar-based stablecoins such as and , which together represent 90% of the stablecoin market exceeding $250 billion, according to Positive Money. Nonetheless, regulatory challenges remain in the EU. Circle’s Patrick Hansen has recently pointed out that stablecoin issuers may face “dual licensing” hurdles, as overlapping obligations under MiCA and the Payment Services Directive could complicate compliance from March 2026, according to a report by .

AllUnity’s initiative highlights the increasing involvement of European financial institutions in tokenized assets. Deutsche Bank and DWS, whose combined assets surpass €2.6 trillion, are applying their traditional finance knowledge to address risks tied to crypto market fluctuations, Cointelegraph reported. At the same time, the

has stressed the importance of a digital euro to lessen dependence on external payment infrastructures and maintain monetary independence, as discussed by Positive Money. Experts believe that EURAU’s regulated, euro-linked model could serve as a bridge for institutional adoption and complement the digital euro, according to Coinotag analysts.

Despite positive outlooks, some critics warn that private stablecoins, unlike central bank digital currencies, do not carry the sovereign backing of central banks. The Bank for International Settlements (BIS) has observed that stablecoins “do not function well as money” because they rely on short-term reserves and are vulnerable to market volatility, as noted by Positive Money. The future of EURAU will rely on its ability to maintain transparency and regulatory compliance as Europe’s digital finance landscape continues to evolve.