Dusk, NPEX, and Quantoz Payments: EURQ on Dusk

We are pleased to share that, together with NPEX, we are partnering with Quantoz Payments, to bring EURQ to Dusk. 

Based in the Netherlands, Quantoz Payments works in the same space as us; bringing regulated finance on-chain. With their infrastructure, we are one step closer to ushering in the mass adoption of Dusk. We couldn’t have found a better partner! EURQ is their digital euro, designed to fully comply with MiCA regulations, and suitable for regulated use cases. 

Dusk is one of three blockchains where you will be able to access EURQ, and the only one purpose-built for the native issuance of Real World Assets and with compliance built in from the beginning.

EURQ is more than just a stablecoin, it is an Electronic Money Token (EMT), suitable for use as legal tender. This is not just a stablecoin, this is a digital euro. 

This partnership opens up many exciting avenues for us, including:

• A fully on-chain stock exchange. We have been working with NPEX for some time to build this, and EURQ is a vital piece, allowing investors to not only have access to a stablecoin, but to an actual euro. 
• Dusk Pay. The integration of Quantoz Payments is a vital piece for Dusk Pay, our on-chain payment systems. Dusk Pay aims to provide fast, cheap, regulatorily compliant on-chain payments, and having a stablecoin that meets these requirements is a necessity. With Quantoz, Dusk Pay gets a lot closer.

Closing the gap between TradFi and DeFi

Our partnership with Quantoz Payments helps us to close the gap between on-chain decentralized finance, and off-chain centralized finance, and means Dusk is not confined to the crypto sandbox, but instead has access to the entire economy.

Not just the trillion-dollar assets market, but day-to-day, high-volume, high-transaction retail payments too. With Quantoz, Dusk can enter into industries and spaces that have been largely off-limits to crypto protocols. 

Not only are we building a fully on-chain stock exchange with NPEX, bringing 300M EUR of assets on-chain, we are now able to provide payment rails through Quantoz. 

This means more transactions and more TVL on Dusk from outside of the crypto space. People will be transacting on Dusk without ever having to “use blockchain”. Rather, Dusk will be the seamless infrastructure behind the scenes. 

We are thrilled with this huge step forward in achieving our goal of spearheading regulated and decentralized finance, streamlining legacy infrastructure, breaking crypto out of its sandbox, and gaining access to all regulated financial activities.