Dutch Firms Quantoz Payments, NPEX, and Dusk Team up to Launch Digital Euro

Three Dutch firms, Quantoz Payments, NPEX, and Dusk, announced on Wednesday, February 19, 2025, they have teamed up to launch the EURQ, a digital euro.

Partnership 📣

We are pleased to share that, together with @npex, we have partnered @Quantoz!

Quantoz's digital euro, designed to be fully MiCA compliant, will be issued on Dusk.

Invested in by Tether and supported by Kraken, Quantoz is the perfect strategic partner for us. pic.twitter.com/pExXD7Xe82

— Dusk (@DuskFoundation) February 19, 2025

In a press release shared with Cryptonews, the firm said this partnership is the first time a Multilateral Trading Facility (MTF)-licensed stock exchange, NPEX, will use electronic money tokens (EMTs) through a blockchain platform.

Understanding EURQ: The First Blockchain-Based Digital Euro

According to the firm, EURQ is built to comply with the Markets in Crypto-Assets Regulation (MiCA).

This collaboration involves a licensed stock exchange, an EMT provider, and a blockchain foundation.

Together, the three Dutch firms said they’re creating a bridge between traditional financial systems and blockchain-powered decentralized applications (dApps).

The currency allows for trading and issuing real-world, regulated assets on-chain via the Dusk and NPEX networks.

It includes accessibility, which EURQ will provide using a secure and instant digital euro for businesses and private users using the Dusk blockchain.

Quantoz Payments said it will provide a regulatory-compliant framework, allowing cross-border and B2B transactions to become faster and frictionless for enterprises adopting blockchain.

Expanding Financial Access with EURQ

“At Dusk, we envision a future where decentralized digital assets are seamlessly integrated into the real economy. EURQ isn’t just a stablecoin—it’s an actual euro currency, approved by regulators as the true digital form of the euro,” said Emanuele Francioni, co-founder and CEO of Dusk.

“This partnership with Quantoz Payments and NPEX is a pivotal step toward that vision, showcasing Dusk’s leadership in bridging traditional finance with decentralized technologies and fostering a more inclusive financial ecosystem,” Francioni said.

Arnoud Star Busmann, CEO of Quantoz Payments, emphasized the transformative potential of EURQ.

“We’re excited to collaborate with Dusk and NPEX, leaders in merging blockchain innovation with regulated finance. EURQ is designed to empower enterprises with a trusted and compliant digital asset solution, setting new standards for financial innovation,” Busmann said.

Mark van der Plas, CEO of NPEX, echoed this sentiment.

“A regulated, compliant digital euro is a vital piece of the equation for building an on-chain stock exchange. We are confident that this groundbreaking partnership will benefit not only our three organizations but also the wider financial ecosystem, bringing trust, transparency, and efficiency to the digital asset space,” van der Plas said.

Envisioning the Future of Digital Finance

The creation of EURQ signals a careful transition toward incorporating digital currencies into regulated markets.

Through a partnership that spans both established financial norms and the integration of blockchain technology, the initiative reshapes our view of what a digital euro can represent.

It prompts a reassessment of how swift digital transactions can coexist with stringent oversight.

Readers are encouraged to ponder how such developments might influence broader financial practices and personal investment approaches.

This milestone invites ongoing observation and engagement as digital finance continues to evolve.

Source: cryptonews.com