DWS establishes a new joint venture to promote plans for issuing a euro stablecoin regulated by Germany next year

ChainCatcher news, according to Reuters, European fund giant DWS (DWSG.DE) has created a new company as part of its plan to launch the first cryptocurrency regulated by Germany next year.

DWS, a subsidiary of Deutsche Bank, manages assets worth €941 billion (approximately $1 trillion) globally, and the company plans to launch the first euro stablecoin regulated by the Federal Financial Supervisory Authority (BaFin) in 2025. The BaFin declined to comment.