Schuman Financial
Schuman Financial is a European company that issues EURØP, a stablecoin pegged one to one to the euro. EURØP is an e-money token, a digital euro on public blockchains that holders can transfer between wallets and redeem for euros. Businesses use it for near-instant transfers of euro amounts on blockchains, at any hour.
Qualified businesses mint new EURØP against euros sent to Schuman Financial and redeem tokens for euros through its platform. Other users buy and sell EURØP on crypto exchanges that list the token. The reserves behind EURØP are held in cash and cash equivalents at European banks.
A French e-money license under MiCA
Schuman Financial is the trading name of Salvus SAS, the issuer of EURØP and a subsidiary of Schuman Financial AG in Switzerland. The French supervisor ACPR approved the e-money token license of Salvus SAS, which allows the company to issue tokens pegged to any official currency in the EU, Cointelegraph reported. Under MiCA, a token that references one currency is an e-money token, and the French authorization covers every member state.
Reserves and attestation
Schuman Financial states that it holds all reserves in cash and cash equivalents, safeguarded at European financial institutions. KPMG, the statutory auditor of the issuing company, publishes a quarterly attestation that the reserves match the EURØP in circulation. Holders can redeem tokens for euros at par, as MiCA requires for every e-money token.
Founders, investors and blockchains
Martin Bruncko, formerly executive vice president of Binance Europe, co-founded Schuman Financial with Eduardo Morrison, another former Binance executive. A seed round of 7 million euros led by RockawayX closed in September 2024, with Kraken Ventures, Nexo Ventures, Lightspeed Faction and GnosisVC among the investors. EURØP launched on Ethereum and Polygon at the end of 2024 and later came to Solana, Avalanche and the XRP Ledger.
EURØP is listed on the crypto exchange Kraken, on Nexo and on Bitvavo.
Upcoming events on stablecoins and digital money
What is EURØP?
EURØP is the euro stablecoin of Schuman Financial. It is an e-money token under MiCA, backed by cash and cash equivalents and redeemable one to one for euros.
Is Schuman Financial regulated?
Yes. Salvus SAS, which trades as Schuman Financial, is an electronic money institution supervised by the French ACPR and holds a license to issue e-money tokens.
Where can you buy EURØP?
Businesses mint EURØP directly with Schuman Financial. Other buyers trade it on exchanges that list the token, among them Kraken.
Schuman Financial and Finance Loop
Euro e-money tokens belong to Finance Loop's Payments & Digital Money track. Finance Loop is a partner of the Digital Euro Association, whose conference puts euro stablecoins on the agenda next to the digital euro.
Finance Loop is a professional network and has the goal of driving the adoption of emerging technologies in finance, such as AI, digital payments, cloud and blockchain solutions. Finance Loop helps its members build skills and personal networks in these fields: Investment & Digital Assets, Payments & Digital Money, Digital Infrastructure & Sovereignty, and Risk & Compliance.