Deutsche Bank Backed EURAU Stablecoin Takes Strong Multichain Step With Chainlink

The euro-pegged EURAU stablecoin, issued by AllUnity and backed by Deutsche Bank and DWS, is moving to several blockchains through Chainlink’s Cross Chain Interoperability Protocol (CCIP).

The company said on Thursday that EURAU will connect to Ethereum, Arbitrum, Base, Optimism, Polygon and Solana using CCIP.

AllUnity also plans to take EURAU to the Canton Network, which serves institutional financial use cases.

AllUnity CEO Alexander Höptner said the Chainlink CCIP link will let the EURAU stablecoin “operate seamlessly across multiple blockchains,” so users can move the euro token where they need it.

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Chainlink Labs’ president of banking and capital markets, Fernando Vazquez, said the link creates the base for “the next generation of tokenized finance across Europe.”

Both comments show that AllUnity wants EURAU to work in the wider European stablecoin market, not only on one chain.

EURAU is a MiCA-compliant euro stablecoin. It is fully backed by reserves and is aimed at B2B payments, treasury, and onchain settlement.

Because it already has approval to issue under the European Union’s MiCA rules, it can be used by firms that need a regulated euro token.

Chainlink CCIP Gives EURAU Multichain Reach

Chainlink CCIP is a protocol that lets smart contracts move tokens, data, or messages between chains.

In this setup, Chainlink acts as the secure layer between blockchains. So a smart contract on Ethereum can talk to an application on Solana, or send a token to Polygon, without building separate bridges.

By using CCIP, AllUnity does not have to create and secure custom bridges for every chain.

This step matters for a euro stablecoin because European financial institutions often work on different chains. Some build on Ethereum and Layer 2s such as Arbitrum or Optimism.

Others are testing Solana for faster settlement. By going multichain, EURAU can be used in more than one system at the same time.

It also makes it easier to settle onchain treasury flows between banks, fintechs, or tokenized assets.

AllUnity’s EURAU Stablecoin Tied to German Financial Groups

AllUnity is a joint venture formed by Deutsche Bank and DWS, which is the asset management arm.

That gives the EURAU stablecoin backing from two large German financial institutions. DWS reported 1.01 trillion euros (about $1.67 trillion) in assets under management as of March 31.

Deutsche Bank held about $1.647 trillion on its balance sheet as of June, according to public data.

These numbers show that the entities behind EURAU have balance sheet strength and are already under European oversight.

AllUnity said it wants to connect Europe’s stablecoin ecosystem to tokenized finance platforms.

That is why it also targets the Canton Network, which is used for institutional financial applications.

Canton is a permissioned network, so bringing a MiCA-compliant euro stablecoin to it allows banks and asset managers to test tokenized products using a regulated euro token.

MiCA License Cleared the Way for EURAU Issuance

In early July, AllUnity received a license from BaFin, Germany’s Federal Financial Supervisory Authority.

This license allows the company to issue the EURAU stablecoin in line with MiCA from the end of July.

Because of that, EURAU can be marketed for corporate use, including B2B payments and onchain settlement, without breaching the EU’s new stablecoin framework.

The expansion also comes while the European Union is watching the euro stablecoin market closely.

Brussels wants European stablecoins to compete with dollar stablecoins in settlement and tokenization.

By going multichain with Chainlink CCIP, AllUnity places EURAU where it can be used in DeFi, in institutional pilots, and in regular business payments on public chains.