TLDR
- Stobox, a tokenization company, has announced a strategic partnership with Stasis (EURS), a euro stablecoin issuer
- Stasis is a European Web3 fintech company that has issued EURS since 2018
- EURS is a stablecoin pegged to the Euro, available on 7 blockchains, and backed 1:1 with liquid euro balances
- Stobox will integrate EURS into its Stobox 4 tokenization platform, set for beta release in Q4 2024
- EURS complies with the EU’s Markets in Crypto-assets (MiCA) regulation
- This partnership aims to provide Stobox clients with a stable and compliant EUR token option
Stobox, a leading tokenization company, has announced a strategic partnership with Stasis, the issuer of the EURS stablecoin. This collaboration aims to integrate the euro-pegged stablecoin into Stobox’s ecosystem, providing users with a stable and compliant option for transactions and security token offerings.
Stobox, known for its innovative approach to tokenization, has been in the market for five years. With a portfolio of over 60 clients and more than $300 million in tokenized assets, the company has established itself as a key player in the digital asset space. Their upcoming Stobox 4 tokenization platform, developed using Fireblocks technical solutions, is set to enter beta testing in the fourth quarter of 2024.
Stasis, the partner in this venture, brings seven years of experience in the crypto market to the table. As a European Web3 fintech company, Stasis has positioned itself as a transparent and reliable euro stablecoin issuer. Their flagship product, EURS, has facilitated over €6 billion in on-chain value transfers since its launch in 2018.
EURS offers a digital alternative to the conventional euro, combining the benefits of cryptocurrency technologies with the stability of a major fiat currency.
Available on seven different blockchains, EURS provides users with robust security and immediate transaction capabilities. Importantly, all EURS assets are backed on a 1:1 basis with liquid euro balances or cash, with reserves held at the Lithuanian Central Bank.
One of the key advantages of this partnership is the compliance of EURS with the European Union’s Markets in Crypto-assets (MiCA) regulation. In today’s increasingly regulated cryptocurrency environment, this compliance provides an additional layer of confidence for users.
It ensures that transactions involving EURS operate within a clear and secure regulatory framework, addressing concerns about the stability and legality of digital transactions.
The integration of EURS into the Stobox ecosystem, particularly within the Stobox 4 platform, is expected to significantly enhance the company’s product offerings.
Stobox clients will have access to a reliable EUR stablecoin for various transactions and security token offerings. This not only broadens the financial tools available to Stobox users but also underscores the company’s commitment to providing top-tier, compliant, and innovative financial solutions.
Gene Deyev, CEO of Stobox, commented on the partnership:
“Our collaboration with Stasis represents a significant step forward in our mission to provide comprehensive and compliant tokenization solutions. The integration of EURS into our ecosystem will offer our clients a stable and regulated option for their digital asset transactions.”
Gregory Klumov, CEO of Stasis, added:
“We’re excited to partner with Stobox and bring EURS to their platform. This partnership aligns perfectly with our goal of making stable, compliant digital assets more accessible to a wider range of users and use cases.”
As the beta release of Stobox 4 approaches in Q4 2024, the industry will be watching to see how this partnership unfolds and what new possibilities it might unlock for digital asset management and tokenization.
