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On November 12, 2025, Monerium, a prominent euro stablecoin issuer authorized in the European Economic Area (EEA), Switzerland, and the UK, announced a significant partnership with Finery Markets. This collaboration has been designed to enhance Monerium’s EURe stablecoin, allowing it to engage with a broader institutional market by tapping into Finery Markets’ robust trading infrastructure. The strategic partnership aims to deepen the integration of EURe into global financial systems by accessing significant liquidity and enabling cross-rates with other dominant stablecoins like USDC and USDT.
Monerium initially gained recognition for its innovation in facilitating seamless transactions between International Bank Account Number (IBAN) accounts and cryptocurrency wallets. This pioneering effort provided vital on/off ramps for digital asset transactions and decentralized finance protocols. The new collaboration with Finery Markets extends these capabilities by leveraging the latter’s extensive network of over 150 institutional liquidity providers. Through this integration, Monerium can now transform EURe into a widely usable settlement asset beyond the traditional EUR/EURe corridors.
By offering a bankless pathway for IBAN-to-stablecoin conversions, Monerium eliminates the need for capital lock-ups or reliance on centralized exchanges. This development coincides with a notable surge in institutional interest in stablecoins. Recent data from the Crypto OTC Review illustrates that institutional stablecoin trading volumes have soared by 138% over the first nine months of 2025, now representing 74.9% of total over-the-counter (OTC) flow compared to 50.9% in the previous year.
This strategic partnership is timely, given the growing demand for stablecoin solutions in institutional markets. Konstantin Shulga, CEO and Co-Founder of Finery Markets, emphasized the importance of robust secondary liquidity for stablecoins. He highlighted that secondary liquidity serves as a critical buffer during market volatility and is crucial for driving adoption. Shulga noted that while primary market functions like minting and burning are necessary, their impact is restricted without reliable access to institutional liquidity. Finery Markets provides this access, enabling stablecoin issuers to scale globally, increase total value locked (TVL), and unlock cross-market functionalities.
From Monerium’s perspective, the partnership represents a critical step in their mission to make the authorized on-chain euro globally useful. Gísli Kristjánsson, CEO and Co-Founder of Monerium, pointed out that the integration with Finery Markets offers the connectivity required to access institutional liquidity and facilitate instant cross-rates with leading stablecoins. This effectively positions EURe as a global settlement asset.
In early 2025, Finery Markets launched its stablecoin-first infrastructure aimed at supporting stablecoin trading and distribution. This system, through “private rooms,” connects issuers directly to institutional liquidity networks, allowing for the rapid onboarding of new asset-stablecoin pairs via API within 24 hours. The platform operates across multiple blockchains, enhancing interoperability and cross-chain settlement capabilities. This innovation is crucial in a digital economy where cross-border transactions demand efficiency and security.
Monerium’s regulatory compliance as an Electronic Money Issuer allows it to provide peer-to-peer money transfers securely without the need for intermediaries. Operating across the EEA, Switzerland, and the UK, Monerium is recognized for its seamless integration of bank account and blockchain network transactions. It holds the distinction of being the first and only e-money issuer to deliver e-money directly on-chain across diverse blockchain ecosystems.
Finery Markets, an information and communications technology (ICT) company, specializes in developing digital asset trading infrastructure tailored for institutional clients. Their offerings include non-custodial electronic communication networks (ECN) and trading software as a service (SaaS) designed for brokers, payment providers, hedge funds, and other financial institutions. Finery Markets’ achievements have been acknowledged by their inclusion in CNBC and Statista’s list of Top 300 Fintech Companies in 2025.
However, the move towards stablecoin-first infrastructure and global integration is not without risks. The regulatory environment for stablecoins is continually evolving, and there is always the possibility of new legislation that could impact their issuance and use. Furthermore, while the integration provides greater liquidity and market access, it also increases the exposure of stablecoins to potential market volatility and cybersecurity threats, given their digital nature. These risks necessitate vigilant regulatory compliance and advanced security measures to safeguard against potential disruptions.
This strategic partnership between Monerium and Finery Markets marks a significant advancement in integrating stablecoins into the global economy. By unlocking new pathways for liquidity and expanding the functional capacity of stablecoins like EURe, this collaboration has the potential to redefine how digital currencies are used in institutional contexts, bridging traditional finance and the evolving digital asset landscape. As the market for digital assets continues to grow, the need for stable, liquid, and globally accessible settlement solutions becomes increasingly vital, underscoring the importance of such strategic alliances.
