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AllUnity obtains first German MiCAR license as stablecoin issuer

July 2025

Client(s) AllUnity GmbH

Jones Day is advising AllUnity GmbH, a German joint venture of DWS, the asset-management division of Deutsche Bank, Flow Traders and Galaxy Digital, to obtain the first license in Germany for the issuance of a regulated stablecoin (named EURAU) under the new European Market in Crypot Asset Regulation (MiCAR). The advice also includes the license application as electronic money institution (EMI) as well as all regulatory aspects under MiCAR and DORA. Advising on such a groundbreaking transaction for the European crypto and stablecoin market is testament to the Firm's long standing global presence in the FinTech market and its market-leading position advising on innovative transactions in the financial market.

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