Schuman Financial Is Bringing European Finance On-Chain

Schuman Financial Is Bringing
European Finance On-Chain

Driving Europe’s transition to on-chain financial services.

When our team first met in early 2023, we were struck by the non-existent adoption of euro stablecoins in the digital assets market. How is it possible that the world’s 2nd largest and most used currency failed to capture even 1% of stablecoin supply? The answer is not so straightforward. The lack of regulatory clarity, uncertainty related to digital assets and Europe’s slower adoption of new technologies compared to the US or Asia all played a role. With Markets in Crypto-Assets Regulation (MiCAR), the European Union brought the first-of-its-kind regulatory framework that protects both investors and institutions and clearly defines the operational and legal framework for cryptocurrencies. We felt now is the time to revolutionise European finance and bring it on-chain. So we put together a team.

Introducing Schuman Financial

After months of working in stealth mode, we are excited to announce the launch of Schuman
Financial. Schuman Financial is an independent European company founded by a team with decades of experience from the cutting edge of crypto, traditional finance and European policymaking. Schuman Financial is developing technologies, infrastructure, and products necessary to bring European financial services on-chain and enable the next step in the evolution of global financial markets.

Today, we’re introducing our first core product. EURØP is a euro-denominated stablecoin issued by our fully owned, French-regulated company with an Electronic Money Token (EMT) licence that allows us to issue MiCA-compliant stablecoins pegged to fiat currencies. EURØP is the first step in enabling the on-chain transition of traditional finance (TradFi) and will serve as a bridge between Web3 and TradFi.

EURØP is fully backed by cash and cash equivalents, ensuring stability and trust for global euro users. With use cases ranging from digital payments and on-chain FX trading to tokenised real-world assets, EURØP is your go-to solution for instantaneous and affordable transactions.

Stablecoins act as a bridge between TradFi and the digital asset world. They offer the benefits of blockchain technology, such as faster settlement times and reduced transaction costs, while maintaining the stability associated with fiat currencies.A no-brainer for every institution that wants to improve its client’s experience, save on operating costs, and become more efficient.

Backed by Web3’s Leading Investors

In September 2024, we closed an oversubscribed €7 million seed round led by RockawayX and supported by Lightspeed Faction, Kraken Ventures, Nexo Ventures, Gnosis VC, Delta Blockchain Fund, Bankless Ventures, and several angel investors.

This allowed us to start building Schuman Financial and acquire Salvus SAS. Salvus SAS, which trades under the name Schuman Financial, is the first European company to obtain an EMT licence in France. The official e-money token licence was granted under the EU’s Markets in Crypto-Assets (MiCA) regulation by the French Autorité de Contrôle Prudentiel et de Résolution (ACPR), the regulatory body under the French central bank.

Building a Robust Ecosystem Around EURØP

We are committed to ensuring EURØP’s widespread adoption and utility. Our partnerships include SEPA integrations, banking channels, and custody solutions with Tier-1 global banks such as Société Générale. We are also audited by KPMG, underscoring our commitment to transparency and compliance.

EURØP will be listed on all major European centralised crypto exchanges in the coming weeks. We are integrating with leading global digital asset custodians, market makers, and other service providers. Initially available on Ethereum and Polygon, we plan to expand to additional chains and DeFi protocols in the upcoming months. The goal is simple: to build the most comprehensive euro-denominated ecosystem in the digital assets market.

Get Your Business
On-Chain With EURØP

Become a qualified business client and convert euro to EURØP and back via our minting platform. Take your business on-chain with EURØP and experience near-instant and cost-efficient transfers.
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