Schuman Financial Secures €7M Seed Funding to Advance Euro Stablecoin Adoption

Swiss fintech startup Schuman Financial has raised €7 million in a seed funding round led by RockawayX. The funding will accelerate the development of EURØP, a fully MiCA-compliant euro-backed stablecoin, aimed at bridging the gap between traditional finance and the Web3 ecosystem.

While USD-denominated stablecoins dominate with 99.5% of the $180 billion in circulation, euro-based alternatives remain underrepresented, accounting for less than 0.3% of the market. In traditional finance, however, the euro holds approximately 21% of global foreign exchange reserves and international payment volumes, highlighting the untapped potential for euro-denominated stablecoins in the digital economy.

Schuman Financial’s EURØP is designed for digital FX trading, DeFi applications, and digital payments. Pegged 1:1 to the euro and backed by cash and equivalents, EURØP ensures stability and reliability for on-chain financial operations. The company has also acquired France’s licensed stablecoin issuer, Salvus SAS, securing EMI and EMT regulatory licenses to support EURØP’s launch on Ethereum and Polygon, with plans to expand to additional blockchains.

In partnership with Société Générale, Schuman’s fiat reserves will be securely custodied, ensuring safety and leveraging deep banking expertise to integrate traditional finance with DeFi.

Viktor Fischer, CEO of RockawayX, commented:
“Regulatory clarity, rising EUR interest rates, and growing demand for alternative FX exposure in DeFi create a perfect storm for euro-denominated stablecoins. Schuman’s expertise and regulatory position uniquely position it to lead this market transformation.”

The funding round included participation from Lightspeed Faction, Kraken Ventures, Nexo Ventures, Gnosis VC, Delta Blockchain Fund, Bankless Ventures, and angel investors.

Led by a seasoned team of experts, including Martin Bruncko (CEO), Nicholas Pouzin (COO), Amrita Srivastava (Head of Banking & Payments), and Eduardo Morrison (CBDO), Schuman Financial combines experience from Binance Europe, traditional finance, and European policymaking to redefine euro-based digital finance.