AllUnity’s euro-backed stablecoin, EURAU — a joint venture between Deutsche Bank and asset manager DWS — is expanding across multiple blockchains using Chainlink’s crosschain infrastructure.
According to an announcement shared with Cointelegraph, EURAU will use Chainlink’s Cross-Chain Interoperability Protocol (CCIP) to connect with Ethereum, Arbitrum, Base, Optimism, Polygon, and Solana. The company stated that it also plans to extend the stablecoin to the Canton Network, a blockchain focused on institutional financial applications.
AllUnity CEO Alexander Höptner commented that the CCIP will enable EURAU to “operate seamlessly across multiple blockchains,” thereby enhancing its reach and usability. Chainlink Labs’ president of banking and capital markets, Fernando Vazquez, added that this integration establishes the foundation for Europe’s subsequent phase of tokenized finance.
AllUnity is establishing the core infrastructure for the next generation of tokenized finance across Europe.
EURAU is a Markets in Crypto-Assets Regulation (MiCA)-compliant euro stablecoin that is fully backed by reserves. It is marketed for enterprise uses such as B2B payments, treasury operations, and onchain settlement.
Connecting Europe’s Stablecoin Ecosystem
CCIP serves as Chainlink’s framework for securely transferring data, tokens, and messages between different blockchains. Within this system, Chainlink functions as an inter-blockchain communication service, facilitating interactions between smart contracts on one network and assets or applications on another. In this specific instance, it enables the transfer of tokens across blockchains.
AllUnity’s strategic focus on Europe is a reflection of its origins as a collaboration between two prominent German financial institutions: DWS and Deutsche Bank.
AllUnity’s founding companies possess substantial resources. DWS reported 1.01 trillion euros ($1.67 trillion) in assets under management as of March 31. Deutsche Bank, according to Companies Market Cap data, currently holds approximately $1.647 trillion on its balance sheet as of June.
In early July, AllUnity received a license from the German Federal Financial Supervisory Authority. This authorization permits the company to issue the EURAU stablecoin in compliance with the MiCA framework, which became effective at the end of July.

