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Schuman Financial, a fast-growing blockchain-based financial services company, has successfully secured $7.36 million in its seed funding round. The round was led by RockawayX, with additional participation from Lightspeed Faction, Kraken Ventures, Nexo Ventures, Gnosis VC, Delta Blockchain Fund, and Bankless Ventures.
In a significant milestone for the company, Schuman Financial has also announced the launch of EURØP, a new euro-backed stablecoin that fully complies with the European Union’s MiCA (Markets in Crypto-Assets) regulation. This makes Schuman Financial the first European company to receive a stablecoin issuer license in France, positioning itself as a leader in the European crypto space.
The EURØP stablecoin is designed to facilitate seamless integration with existing financial systems, featuring key functionalities like SEPA (Single Euro Payments Area) integration, banking channels, and custodial partnerships with top global banks, including Société Générale, one of France’s largest financial institutions. This launch aims to provide businesses and consumers with a secure, regulated, and efficient digital euro solution, as demand for crypto-based financial services continues to grow.
With this new funding and its stablecoin offering, Schuman Financial is setting the stage for further innovations in the blockchain and crypto space, focusing on bringing digital finance solutions to the mainstream.