Alkemi + Monerium Partnership
Adding Monerium e-money tokens to our stablecoin market offering.
The team at Alkemi Network is pleased to announce we have partnered with Monerium, a European regulated electronic money institution.
Holders of Monerium will soon be able to earn interest on deposits of their digital euros into the Alkemi Earn protocol. They will also be able to use those e-money deposits as collateral to borrow other digital assets on the platform, including DAI, USDC, ETH and WBTC.
Monerium facilitates the creation of ‘smart’ digital euros on blockchains. This guarantees on-chain, programmable settlements that take place within seconds, without intermediaries, at the fraction of the cost of traditional payments. With Monerium, you can move money seamlessly between blockchains and existing payment networks, keeping existing business relationships while building new ones in the on-chain world.
Alkemi Earn enables centralized, regulated institutions to access decentralized borrowing and lending services (DeFi) for their digital assets. With the provision of deep liquidity, enhanced security procedures for client transactions and detailed transaction reporting and risk monitoring, Alkemi is the institutional portal to DeFi.
“We were keen to partner with Monerium and list their Euro-backed regulated e-money on the Earn platform. We have seen a vast increase in the on-chain volumes of digital assets this year and we wanted to offer our customers exposure to European markets alongside our dollar-denominated stablecoin markets. Stablecoins are the gateway asset to DeFi and we are excited about the opportunity for our customers to tap into the Euro digital asset ecosystem.”
— Brian Mahoney, CSO, Alkemi Network
For more information on how your institution can access Alkemi Earn using Monerium’s e-money stablecoin, please contact:
- Alkemi : hello@alkemi.ai
- Monerium : monerium@monerium.com
About:
Alkemi Network provides institutional investors and exchanges with turnkey access to DeFi markets. Our products resolve the friction points of capital, connectivity and control for our clients. Please contact a member of our team to find out more.
Monerium enables European businesses to access the emerging ecosystem of digitally-native financial opportunities, providing blockchain-based settlements for Euro-based transactions.
