AllUnity’s euro-backed stablecoin, EURAU — a collaboration between Deutsche Bank and asset manager DWS — is expanding to multiple blockchains through Chainlink’s cross-chain infrastructure.
In a Thursday announcement shared with Cointelegraph, AllUnity said EURAU will leverage Chainlink’s Cross-Chain Interoperability Protocol (CCIP) to connect with Ethereum, Arbitrum, Base, Optimism, Polygon, and Solana, with plans to extend to the Canton Network, a blockchain tailored for institutional finance.
AllUnity CEO Alexander Höptner said the integration will enable EURAU to “operate seamlessly across multiple blockchains,” enhancing accessibility and utility. Fernando Vazquez, Chainlink Labs’ president of banking and capital markets, noted that the move sets the foundation for “Europe’s next phase of tokenized finance.”
“AllUnity is establishing the core infrastructure for the next generation of tokenized finance across Europe.”
EURAU is a MiCA-compliant euro-backed stablecoin, fully collateralized by reserves and designed for enterprise applications such as B2B payments, treasury management, and onchain settlements.
Connecting Europe’s Stablecoin Ecosystem
Chainlink’s Cross-Chain Interoperability Protocol (CCIP) serves as the foundation for securely transferring tokens, data, and messages between blockchains. Acting as a cross-network communication layer, Chainlink enables smart contracts on one blockchain to seamlessly interact with assets or applications on another — allowing EURAU to move fluidly across ecosystems.
AllUnity’s European focus stems from its origins as a joint venture between Deutsche Bank and asset manager DWS, two of Germany’s largest financial institutions. DWS manages approximately €1.01 trillion ($1.67 trillion) in assets as of March 31, while Deutsche Bank reported roughly $1.65 trillion on its balance sheet in June, according to Companies Market Cap data.
In July 2025, AllUnity received approval from the German Federal Financial Supervisory Authority (BaFin) to issue EURAU under the Markets in Crypto-Assets (MiCA) regulatory framework — officially launching the euro-backed stablecoin at the end of that month.
