Nexo Ventures backs Schuman Monetary, a MiCA-compliant EUR-stablecoin issuer

Nexo Ventures is proud to announce its funding in Schuman Monetary, a groundbreaking European firm that's main the transition of euro-denominated monetary companies on-chain. Schuman Monetary’s seed spherical helps the event of EURØP, a fully-backed euro-pegged stablecoin compliant with the EU’s Markets in Crypto-Belongings (MiCA) regulation.

Schuman Financial’s revolutionary method completely aligns with Nexo’s imaginative and prescient for driving the subsequent era of wealth. As the primary impartial European firm to secure a MiCA-compliant e-money token license from France’s Autorité de Contrôle Prudentiel et de Résolution (ACPR), the regulatory physique underneath the French central financial institution, Schuman is uniquely positioned within the EUR stablecoin market.

Kalin Metodiev, CFA, Co-founder and Managing Companion at Nexo, shared his ideas on the collaboration:

“Nexo is glad to work with Schuman Monetary, an upcoming MiCA-compliant EUR-stablecoin issuer. By way of its pursuit of a strategic market match and sturdy regulatory framework, the corporate will purpose to supply a brand new resolution in a demanding market.”

The story behind Schuman Monetary's title

The corporate takes its title from Robert Schuman, a Luxembourg-born French statesman whose visionary 1950 Schuman Declaration laid the groundwork for what would turn into the European Union. Schuman proposed joint management of coal and metal manufacturing—industries important to armament manufacturing—as a way to unify the European market and foster peace.

Schuman’s imaginative and prescient for collaboration and unity resonates deeply with the corporate’s mission. Simply as Schuman sought to unify Europe, Schuman Monetary is dedicated to bridging the worlds of conventional and digital finance. The title embodies the corporate's core values:

• Imaginative and prescient: Impressed by Robert Schuman’s revolutionary concepts, the corporate envisions a future the place finance is seamlessly built-in throughout conventional and blockchain methods.

• Unity: Like Schuman’s efforts to deliver nations collectively, Schuman Monetary strives to unify monetary methods and make them accessible to everybody.

• Integrity: Following within the footsteps of its namesake, the corporate locations belief and transparency on the forefront of its mission.

Pioneering the long run

Schuman Monetary is constructing an ecosystem round its euro-denominated stablecoin, together with SEPA integrations, partnerships with Société Générale and KPMG, and blockchain launches on Ethereum and Polygon. 

Martin Bruncko, Founder and CEO of Schuman Monetary, highlighted the huge alternative forward:

“Conventional monetary companies are present process a once-in-a-generation transition, as most of them will transfer on-chain within the coming years. Europe is already the main market in digital property with regard to transaction volumes and regulatory readability. Along with our traders and companions, we’re right here to guide and speed up this transition.”

Trying forward

Nexo Ventures is happy to help Schuman Monetary because it drives the way forward for European finance. To study extra about our investments and efforts to advance the digital asset ecosystem, go to our Nexo Ventures page.