KEY TAKEAWAYS
- Nexo Ventures invests in Schuman Financial to support the development of EURØP, a euro-pegged stablecoin compliant with EU regulations.
- EURØP aims to revolutionize digital payments and on-chain trading, backed 1:1 by cash, enhancing European financial infrastructure.
- Schuman Financial secures a MiCA-compliant e-money token license, positioning itself as a leader in the euro stablecoin market.
- The stablecoin will launch on Ethereum and Polygon, with plans for DeFi integrations and major exchange listings.
Nexo Ventures has announced its investment in Schuman Financial, a European company pioneering the transition of euro-denominated financial services onto blockchain technology. This investment supports Schuman Financial’s development of EURØP, a euro-pegged stablecoin fully compliant with the European Union’s Markets in Crypto-Assets (MiCA) regulation.
The EURØP stablecoin is designed for use in digital payments, on-chain foreign exchange trading, and tokenized real-world assets. It is backed 1:1 by cash and cash equivalents, setting a new standard for regulated European financial infrastructure.
Strategic Alignment with Nexo Ventures
Schuman Financial’s innovative approach and regulatory compliance align with Nexo’s vision for advancing the next generation of wealth management. As the first independent European company to secure a MiCA-compliant e-money token license from France’s Autorité de Contrôle Prudentiel et de Résolution (ACPR), Schuman Financial is well-positioned in the euro stablecoin market.
Kalin Metodiev, Co-founder and Managing Partner at Nexo, commented on the collaboration, stating that Nexo is pleased to work with Schuman Financial, highlighting the company’s strategic market fit and robust regulatory framework.
Building a Comprehensive Ecosystem
Schuman Financial is developing an ecosystem around EURØP, which includes SEPA integrations and partnerships with major banks like Société Générale. The stablecoin will be launched on Ethereum and Polygon blockchains and is set to be listed on major exchanges. Future plans include integrations into decentralized finance (DeFi) protocols and custody solutions.
Martin Bruncko, Founder and CEO of Schuman Financial, emphasized the significant opportunity ahead, noting the transition of traditional financial services onto blockchain. He highlighted Europe’s leading role in digital assets, driven by transaction volumes and regulatory clarity.
Schuman Financial’s name pays homage to Robert Schuman, a key figure in European unity, reflecting the company’s mission to bridge traditional and digital finance. The company’s values of vision, unity, and integrity are inspired by Schuman’s legacy.
For more information on this investment, visit the announcement here.
Disclaimer: The views expressed in this article are those of the authors and do not necessarily reflect the official policy of CoinsHolder. Content, including that generated with the help of AI, is for informational purposes only and is not intended as legal, financial, or professional advice. Readers should do their research before taking any actions related to the company and carry full responsibility for their decisions.
