Came across Stellar / PwC: PwC Germany helped debt management company EOS Group encode the securities settlement waterfall in a smart contract on Stellar, with settlement via AllUnity’s MiCA-compliant euro stablecoin, EURAU.
The key point: traditional securities settlements rely on spreadsheets and multiple layers of intermediaries, with each cycle taking more than 30 days. Now it’s down to around one day, implemented in compliance with the EU Securitisation Regulation. TokenForge handled the technical implementation, and the Stellar Development Foundation also provided a development grant. EURAU is a euro stablecoin issued under a BaFin e-money license, backed by a joint venture between DWS, Flow Traders, and Galaxy.
The move to shorten settlement cycles in European structured finance has finally gone from PowerPoint to an on-chain process that can actually settle.
$XLM #Stellar #代币化 #MiCA
The key point: traditional securities settlements rely on spreadsheets and multiple layers of intermediaries, with each cycle taking more than 30 days. Now it’s down to around one day, implemented in compliance with the EU Securitisation Regulation. TokenForge handled the technical implementation, and the Stellar Development Foundation also provided a development grant. EURAU is a euro stablecoin issued under a BaFin e-money license, backed by a joint venture between DWS, Flow Traders, and Galaxy.
The move to shorten settlement cycles in European structured finance has finally gone from PowerPoint to an on-chain process that can actually settle.
$XLM #Stellar #代币化 #MiCA