@Dusk #dusk In a landmark collaboration blending regulated finance with blockchain infrastructure, three Dutch organizations — Dusk Network, NPEX, and Quantoz Payments — have jointly introduced EURQ, a MiCA-compliant digital euro designed for regulated use on the Dusk blockchain.
What Is EURQ?
EURQ is an Electronic Money Token (EMT) that represents a euro-backed digital currency. Unlike typical cryptocurrency stablecoins that aim to peg value to traditional currencies, EMTs such as EURQ are regulated digital e-money instruments that can act as legal tender on-chain. According to project details, EURQ is fully compliant with the European Union’s Markets in Crypto-Assets Regulation (MiCA) — a comprehensive regulatory framework for digital assets in the EU.
The token was originally issued by Quantoz Payments on public blockchains. As part of the new collaboration, it has now been integrated into the Dusk blockchain as a native on-chain euro settlement medium, powering both financial and payment services.
The Partners Involved
Dusk Network is a purpose-built, privacy-preserving Layer-1 blockchain focused on regulated financial markets and the native issuance and trading of real-world assets (RWAs). It supports features like confidential smart contracts and compliance infrastructure, aiming to bridge decentralized finance (DeFi) and traditional institutions.
NPEX is a licensed Multilateral Trading Facility (MTF) and regulated Dutch exchange that focuses on financing small and medium-sized enterprises (SMEs). Its regulated status enables compliant issuance and secondary trading of tokenized assets.
Quantoz Payments is an Electronic Money Institution (EMI) authorized by the Dutch Central Bank to issue euro and dollar-backed EMTs such as EURQ and USDQ. Its regulatory model ensures that funds backing digital euro instruments are held safely in accordance with MiCA rules and supervision.
Why It Matters
The joint initiative marks the first time a regulated stock exchange (MTF) integrates an electronic money token on a blockchain for general settlement and trading purposes. This combination of regulated infrastructure and on-chain digital currency is positioned as a step toward mainstream adoption of blockchain in traditional financial markets.
EURQ’s integration into Dusk is expected to:
Enable fully on-chain trading: The digital euro can be used for settlement and transactions in tokenized securities and other financial products built on Dusk and NPEX.
Enhance payment systems: Dusk’s on-chain payment protocol — Dusk Pay — can leverage EURQ to deliver regulated, fast, and low-cost euro settlements.
Support regulated DeFi and RWAs: The effort expands the ability to on-board real-world assets into decentralized infrastructure without sacrificing compliance or market oversight.
Regulatory and Market Context
The introduction of a MiCA-compliant digital euro reflects growing interest in regulated digital currencies in Europe. MiCA creates a harmonized regulatory framework that aims to protect investors and encourage innovation in the digital assets market. EURQ’s legal design is explicitly tailored to meet those requirements, positioning it as a trusted digital settlement asset for institutions and enterprises.
According to representatives from the three organizations, EURQ is more than a stablecoin — it functions as actual digital euro currency on-chain, enabling a new class of regulated financial products and services that blend traditional finance norms with blockchain efficiency.
Looking Ahead
As the financial world continues to explore digital currencies, the partnership among Dusk, NPEX, and Quantoz Payments offers a model for compliant integration of digital euros into regulated markets. The success of EURQ could shape how digital assets coexist with traditional financial systems, particularly in Europe, where regulatory clarity fosters innovation without compromising oversight.
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