Strategic Alliance Announcement
On August 17, BitGo Europe entered a strategic alliance with AllUnity, a German issuer of stablecoins, to facilitate three new regulated, fiat-backed stablecoins—EURAU, CHFAU, and SEKAU. As part of this partnership, BitGo will serve as the primary buyer and institutional liquidity partner for these tokens, which are pegged to the euro, Swiss franc, and Swedish krona, respectively.
Access and Integration
Eligible clients using BitGo Europe will gain access to these assets through AllUnity’s Business Mint Account. This collaboration efficiently links AllUnity’s token issuance framework to BitGo’s robust institutional custody and trading infrastructure. This will enable BitGo to mint and redeem the three stablecoins directly with AllUnity, alleviating liquidity issues for institutional clients by allowing quick token access and conversion to fiat currency.
Operational Support
According to both firms, the integration supports a range of financial operations, including settlement and treasury management, enhancing digital asset trading capabilities. AllUnity claims that its service offers
“real-time liquidity,”
although specific details such as transaction times, minimum amounts, fees, or daily minting caps were not disclosed.
Investment and Adoption
Neither company revealed the amount of investment committed by BitGo in this venture or any volume targets. So far, they have not indicated which institutions have adopted the service.
Stablecoin Histories
The stablecoins included in this deal have notable histories: EURAU, pegged to the euro, was launched in July 2025 with reserves kept through a multi-bank structure; CHFAU is linked to the Swiss franc and has achieved significant adoption with nearly 50 million Swiss francs in total value locked; SEKAU, backed by Swedish krona reserves, has a regulated launch that spans five blockchain networks, including Ethereum and Solana. All three tokens maintain 1:1 backing by reserves of their respective currencies, as outlined in AllUnity’s detailed white papers related to token redemption and risk.
Regulatory Compliance
AllUnity secured an electronic money institution license from Germany’s Federal Financial Supervisory Authority in July 2025, enabling it to issue e-money tokens in line with the EU’s Markets in Crypto-Assets (MiCA) regulation. Under MiCA, token holders have a legal right to redeem their assets at par value, although the service is only available to legal entities and business customers, excluding individual or retail users.
Market Reaction and Future Outlook
BitGo Europe is recognized as a crypto asset service provider in Germany and operates under MiCA’s guidelines while adhering to anti-money laundering standards. Notably, after the partnership’s announcement, market reaction was muted, with no immediate changes in liquidity evident. Future updates from BitGo and AllUnity may shed light on the adoption rates of these stablecoins and whether they will be utilized extensively for routine transfers and treasury functions or remain unused in client accounts. The successful implementation of this partnership could expand the availability of regulated European currency stablecoins within institutional custody frameworks, offering new avenues for financial transactions.
