PANews reported on July 2 that according to DEGEN NEWS, ALLUNITY, a joint venture between Deutsche Bank's DWS, FLOW TRADERS and Galaxy, announced that it had obtained an electronic money institution (EMI) license issued by the German Federal Financial Supervisory Authority (BAFIN) on July 1.

Earlier news , Deutsche Bank's DWS Group, Dutch market maker Flow Traders Ltd. and cryptocurrency fund management company Galaxy Digital Holdings Ltd. are planning to set up a company to focus on issuing the euro-denominated stablecoin AllUnity, aiming to promote wider mainstream adoption of tokenized assets.