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Deutsche Bank’s DWS: Inside the New Crypto Stablecoin Plan

German financial institution DWS (Deutsche group), cryptocurrency fund manager Galaxy Digital Holdings, and Dutch market maker Flow Traders have joined forces to establish a company called AllUnity that will issue a stablecoin pegged to the euro.

Deutsche Bank's London Office. DWS Launches AllUnity Stablecoin, Driving Tokenized Finance PHOTO: Justin Tallis/Getty Images
Deutsche Bank’s London Office. DWS Launches AllUnity Stablecoin, Driving Tokenized Finance PHOTO: Justin Tallis/Getty Images

The aim of this partnership is to encourage the wider adoption of tokenized assets in mainstream finance. AllUnity, which will be headquartered in Frankfurt, plans to apply for an e-money license from

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