Eduardo Morrison Chats
with Ripple’s Onchain Economy
The euro is the world’s second reserve currency. European institutions move trillions across borders annually. Yet corporate treasurers and asset managers looking for onchain settlement infrastructure find themselves building on dollar rails or waiting.
Our co-founder and head of business development, Eduardo Morrison, sat down with Ripple’s Onchain Economy last week to explain what it looks like when Europe stops waiting.
About Ripple
Ripple is a global enterprise focused on payments, custody, and stablecoin infrastructure for financial institutions. Their platform works with banks and businesses in integrating blockchain technology into existing operations through compliant solutions.
Onchain Economy features conversations with leaders building institutional financial infrastructure. Eduardo’s appearance on the series highlights Schuman Financial’s role in developing compliant euro stablecoin solutions for European markets.
What Schuman Built
Schuman Financial launched EURØP in December 2024. MiCA-compliant, KPMG-attested reserves, custody at Société Générale, ABN AMRO, and Banking Circle.
“Our goal is to bring financial products onchain for the European Union. That’s Schuman in a nutshell.”
The Partnership: Payments Infrastructure on XRPL
The market structure problem is clear. “The crypto market and the stablecoin market is heavily US-oriented. But euro is the second reserve currency in the world. As the financial system transitions more towards an onchain economy, the European ecosystem of finance will need to grow also on the onchain world.”
Schuman built EURØP on the XRP Ledger, a decentralized layer 1 blockchain with a decade of reliability in tokenizing and exchanging assets. “The XRP ledger has been built with payments use cases at their core. That’s where stable coins fit perfectly in the mix.”
Morrison described Schuman’s focus areas: payments, lending, and trading. Payments are the clear priority. “We are working together with the Ripple Payments team on securing different cross-border payments for companies to send money in and out of different corridors.”
The first live corridor is dollar-to-euro. “Our first one will probably be dollar to euros, where there is significant demand already in existence.”
What This Means for Institutions
“We want to partner with as many companies as possible, particularly international companies that want to have a presence in Europe. They can bank with us through a named account, then have access to stable coin world and transact with everything already integrated with EURØP.”
For European finance, the question isn’t whether stablecoins work. It’s whether they work inside regulatory frameworks, with custody at scale that corporate operations require. Morrison’s conversation with Ripple answered that question with operational facts.
Schuman Financial founder and CEO Martin Bruncko will continue this conversation at Ripple Swell in New York on November 4, joining Amina Bank’s Chief Product Officer and CoinDesk’s Head of Media Innovation on a panel exploring how stablecoins and blockchain are reshaping cross-border payments.
We’re not forecasting Europe’s onchain economy. We’re building it.
This communication is provided by Salvus SAS, an authorised EMT issuer in France, which trades under the name Schuman Financial. Detailed information about the electronic money tokens (“EMT”) we issue, including the EURØP stablecoin, can be found in the published White Papers available on our website. Token holders are entitled to redeem EURØP directly from the issuer at any time at face value.