Deutsche Bank’s DWS Teams with Galaxy & Flow Traders to Launch First German-Regulated Stablecoin

Finance giants make their crypto power play—with Berlin's blessing.

Three heavyweights—Deutsche Bank’s DWS, Mike Novogratz’s Galaxy Digital, and market-making titan Flow Traders—are joining forces to bring a euro-pegged stablecoin under Germany’s strict financial oversight. Because nothing says 'trust' like a centralized blockchain asset wrapped in bureaucratic red tape.

Why it matters: This isn’t some DeFi wild west experiment. We’re talking full BaFin approval—the German regulator that makes the SEC look lax. Institutional money just got its on-ramp.

The twist? Watch how fast EU politicians pivot from 'crypto skepticism' to 'strategic digital asset leadership' once their own banks start issuing tokens. Frankfurt vs. Wall Street: the stablecoin edition begins.