Crédit Agricole, a major French bank, introduced EURXT, a regulated euro-pegged stablecoin issued by its subsidiary CACEIS Bank. The launch included the first blockchain-based settlement of a European tokenized money market fund subscription, marking a significant step in integrating blockchain with traditional finance. EURXT complies with EU regulations, is backed 1:1 by euro reserves, and targets institutional and corporate clients to enhance secure, on-chain financial transactions. This move supports Crédit Agricole's strategic plan to expand tokenized financial services by 2028.
Amundi has tokenized its 5 billion EUR AMUNDI FUNDS CASH EUR on the Ethereum blockchain, enabling investors to subscribe and redeem shares around the clock. The digital infrastructure is provided by CACEIS, which supports stablecoin transactions, bri...
Crédit Agricole, a major French bank, has introduced EURXT, a euro-backed stablecoin on the Ethereum blockchain compliant with EU's Markets in Crypto Assets regulation. Issued by its asset servicing arm CACEIS, EURXT is initially available to institu...
Crédit Agricole, through its CACEIS arm, launched EURXT, a euro-pegged stablecoin on Ethereum, fully backed 1:1 and compliant with EU MiCA rules. The initial supply is €20 million, with reserves held at CACEIS Bank. EURXT's first use was settling a s...
