German stock exchange Deutsche Börse has announced that it plans to integrate stablecoin AllUnity has added EURAU, a euro-pegged token, to its platform. It previously offered Circle’s Euro Coin (EURC) and Société Générale-Forge’s EUR CoinVertible (EURCV).
Deutsche Börse is reportedly launching EURAU within its financial markets infrastructure, initially with institutional custody through its central securities custody division, Clearstream. The company’s announcement also mentions the future «integration of the euro-denominated stablecoin across its entire range of services.»
This will allow integration stablecoin into a large and growing market. According to the World Federation of Exchanges, Deutsche Börse’s domestic stock market capitalization is approximately $2,23 trillion, with 474 companies listed on it.
The partnership will make cross-border payments and digital assets accessible to institutional market participants, said Alexander Höptner, CEO of stablecoin issuer AllUnity.
Deutsche Börse Group Executive Board Member Stefanie Eckermann said: “The aim of the EURAU integration is to create a seamless link between the established financial world and the future of digital assets.”