Search results for Flow Traders
Crypto
AllUnity to issue SEKAU Swedish krona-pegged stablecoin
AllUnity, a European regulated stablecoin issuer backed by DWS, Flow Traders and Galaxy, will issue SEKAU, a stablecoin pegged to the Swedish krona. SEKAU will be backed 1:1 by Swedish krona reserves and issued as a regulated e-money token under the EU’s Markets in Crypto-Assets Regulation (MiCA). Holders will have a legal right to redeem at par. The token is designed for institutions, fintechs and corporates, with a June launch planned.
Crypto
AllUnity expands euro stablecoin EURAU to Solana
AllUnity, a joint venture founded by DWS, Flow Traders and Galaxy Digital, has expanded its euro stablecoin EURAU to the Solana blockchain. EURAU was first launched on Ethereum in July last year and is issued under an electronic money framework that follows the European Union’s MiCA crypto rules, with 100 percent reserves. The company said adding Solana will speed up euro remittances and payments while lowering transaction costs.
Crypto
Flow Traders enters tokenised asset market via 24-hour OTC platform
Crypto market-making firm Flow Traders is entering the tokenised asset market through a 24-hour over-the-counter trading platform, The Block reported on March 19. The platform supports trading in tokenised money market funds, stocks and commodities, and provides two-way liquidity for assets including Franklin Templeton\'s onchain money market fund BENJI and Tether Gold. It is limited to pre-vetted institutional investors that complete onboarding and KYC procedures.