Quantoz Payments, NPEX, and Dusk release EURQ, a Regulated Euro-Backed Electronic Money Token
Three Netherlands-based organizations – Quantoz Payments, NPEX, and Dusk – are working together to release EURQ, a digital euro, opening up the way for traditional, regulated finance to operate at scale on the Dusk blockchain. This marks the first time a Multilateral Trading Facility (MTF)-licensed stock exchange, NPEX, will utilize electronic money tokens (EMT) through a blockchain.
EURQ is designed to be MiCAR compliant. This partnership is the first time a licensed stock exchange, an EMT provider, and a blockchain foundation have combined forces, enabling a seamless, secure, and compliant bridge between traditional financial systems and blockchain-powered decentralized applications, allowing for the trading and issuance of regulated, real-world assets on-chain through Dusk and NPEX.
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On-chain, regulated finance
The partnership allows for:
- Enhanced Accessibility: Providing a digital euro that facilitates secure and instant transactions for users and enterprises using the Dusk blockchain.
- Streamlined Settlements: Simplifying cross-border and B2B transactions with Quantoz Payments’ regulatory-compliant framework, reducing friction for businesses adopting blockchain solutions.
- Boosted Liquidity: Enabling new use cases such as tokenized securities, decentralized finance (DeFi), and digital payments, supported by a robust and euro-denominated settlement mechanism.
- Regulatory Confidence: With all three parties being compliant with the most stringent regulatory regime in the world, this partnership paves the way for real-world assets and regulated finance to be compliantly brought on-chain.
A Shared Vision for Financial Innovation
Emanuele Francioni, co-founder and CEO at Dusk, shared his enthusiasm:
“At Dusk, we envision a future where decentralized digital assets are seamlessly integrated into the real economy. Our collaboration with Quantoz Payments and the integration of EURQ mark a pivotal step toward this vision. EURQ is not just a stablecoin—it is an actual Euro currency, approved by regulators as the true digital form of the Euro. This milestone underscores Dusk’s leadership in bridging traditional finance with decentralized technologies, paving the way for a more inclusive and innovative financial ecosystem.”
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Empowering Enterprises with EURQ
The integration of Quantoz within the Dusk ecosystem opens new opportunities for enterprises to:
- Issue tokenized assets with euro-backed stability.
- Conduct real-time, low-cost settlements across borders.
- Adopt blockchain-powered financial services with confidence in regulatory compliance.
Revolutionizing Regulated Finance
Quantoz Payments CEO, Arnoud Star Busmann, added:
“We are excited to collaborate with Dusk and NPEX, leaders in the intersection between blockchain and regulated finance. EURQ is designed to empower enterprises with a trusted and compliant digital asset solution, and we believe this partnership will set new standards for innovation in regulated finance.”
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Mark van der Plas, NPEX CEO, confirms “We are thrilled to add Quantoz Payments to our partnership with Dusk. A regulated, compliant, digital euro is a vital piece of the equation to build an on-chain stock exchange, and we are confident this groundbreaking partnership will benefit not only the three parties involved, but also users and finance more broadly.”
Source: Businesswire
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