World’s First E-Money License for Blockchains Issued to Monerium
Monerium ehf. has received a license from the Financial Supervisory Authority of Iceland to issue e-money on blockchains through its subsidiary, Monerium EMI ehf. The full license is the world’s first e-money license for blockchains issued under EU e-money regulations. The license is passportable within the largest global economic zone, the European Economic Area, and to external jurisdictions subject to regulatory approval and destination country regulations.
Designed as a digital alternative to cash, e-money is a proven framework for digital fiat currency already in use for pre-paid cards and mobile wallets. By issuing e-money on blockchains, Monerium removes the need for intermediaries and provides the ability to automate financial transactions in many sectors, including payments, trade finance, securities settlement, and ecommerce. At the same time, e-money on blockchains extends Satoshi Nakamoto’s vision of online peer-to-peer currency transactions to a regulated form of digital fiat currency.
Founded in 2015 by four repeat entrepreneurs with experience from finance and technology, Monerium has received seed investments from ConsenSys, Crowberry Capital, and private investors. Prior to the e-money application, the company founders authored a commissioned report on blockchains and financial services for an European financial institution and developed a pilot for tokenizing fiat currency in collaboration with ConsenSys.
Jon Helgi Egilsson, co-founder, chairman and former chairman of the supervisory board of the Central Bank of Iceland, will announce the license in Stockholm on June 15 at The Future of Money: Central Bank Digital Currency Conference, saying, "Monerium e-money encompasses the benefits of programmable money on blockchain, in addition to being the closest form of central bank money there is - based on a proven EU regulatory framework."
“Receiving an e-money license is a major milestone towards achieving our goal of making digital currency accessible, secure, and simple to transact,” states Sveinn Valfells, CEO and co-founder. “To support our e-money issuance, we have developed a digital banking platform that is compatible with all leading blockchain protocols and extensible to other clients and financial services. Our platform is based on open standards and designed to support decentralized financial applications.”
Monerium is currently entering closed beta with initial customers and partners. The company plans to partner with distributed application developers and blockchain platform providers to make e-money available to consumers and enterprises across borders and protocols.
Together with Monerium CTO and co-founder Gisli Kristjánsson, Valfells will announce the closed beta and partnership programs at Copenhagen FinTech Week on June 18th.
Monerium is a financial technology company with the mission of making digital currency accessible, secure, and simple to transact. Using Monerium e-money, individuals and non-financial enterprises can store and send digital currency on blockchains without going through traditional financial institutions. Monerium was founded in 2015 by a team with diverse backgrounds, including central banking, finance, blockchain, and cloud services. The company has raised $2M in funding from ConsenSys, Crowberry Capital, Hof Holdings, and private investors.
For media enquiries:
Chris McClure, +1 (580) 448-2841
About Business Wire
For more than 50 years, Business Wire has been the global leader in press release distribution and regulatory disclosure.
Subscribe to releases from Business Wire
Subscribe to all the latest releases from Business Wire by registering your e-mail address below. You can unsubscribe at any time.
Latest releases from Business Wire
Andersen Global Expands in India With Membership of Nangia Andersen LLP17.10.2019 16:30:00 EEST | Press release
Andersen Global continues to expand its footprint in the East, announcing the addition of a new member firm in India, Nangia Andersen LLP. Andersen Global debuted in India over a year ago when Nangia Advisors LLP signed a collaborating agreement with the international association. The firm, one of the largest in India, has 350+ professionals in numerous office locations throughout the country, including Noida, New Delhi, Mumbai, Gurugram, Bengaluru, Pune, Chennai and Dehradun. For nearly 38 years, the firm has provided services to multinational companies with India interests in entry strategy, re-organizations, cross-border taxation, transfer pricing, tax consulting and advising, tax litigation, mergers & acquisitions, GST and investment banking across a broad range of sectors. “Andersen Global and Nangia Andersen LLP match in terms of values and commitment to transparency, high ethical standards, technical accuracy and quality service to clients. We found immediate synergy with the pr
Mavenir Confirmed as Global Leader in NFV-based IMS Solutions17.10.2019 16:00:00 EEST | Press release
Mavenir, the industry's only end-to-end cloud-native 4G and 5G network software provider for CSPs, has been ranked #1 among the Top 5 vendors in NFV VoLTE/IMS, in a recent Dell’Oro Group report1 in both Licenses and Revenue metrics. In cumulative worldwide NFV licenses, Mavenir boasts more than the next 2 vendors combined, according to the report. Mavenir’s leadership in NFV IMS is evident by the number of new IMS network wins. Just in the last 9 months, Mavenir has been selected to replace 8 legacy networks in Tier 1 Operators in key regions around the world, taking market share from the legacy vendors. Mavenir’s consistent software only (HW agnostic) focus has accelerated NFV market momentum, while legacy vendors have been slow to move away from proprietary hardware-based offerings. As an early adopter and entrant into virtualized solutions, Mavenir gained tremendous experience and expertise in large scale deployments across all regions and with various network infrastructures and to
[Fam-] Trastuzumab Deruxtecan (DS-8201) Granted FDA Priority Review for Treatment of Patients with HER2 Positive Metastatic Breast Cancer17.10.2019 14:00:00 EEST | Press release
Daiichi Sankyo Company, Limited (hereafter, Daiichi Sankyo) and AstraZeneca today announced that the U.S. Food and Drug Administration (FDA) has accepted for review the Biologics License Application (BLA) for [fam-] trastuzumab deruxtecan (DS-8201) and granted Priority Review. The Prescription Drug User Fee Act (PDUFA) date for [fam-] trastuzumab deruxtecan, an investigational HER2 targeting antibody drug conjugate (ADC), for the treatment of patients with HER2 positive metastatic breast cancer is set for the first quarter of fiscal year 2020. “We are pleased that the FDA has accepted the application and granted Priority Review as we believe [fam-] trastuzumab deruxtecan has the potential to redefine the treatment of patients with HER2 positive metastatic breast cancer,” said Antoine Yver, MD, MSc, Executive Vice President and Global Head, Oncology Research and Development, Daiichi Sankyo. “Following the recent regulatory submission in Japan, we look forward to working closely with reg
Mobile Game Ragnarok M: Eternal Love Officially Launches in Europe and Russian Region on October 16th17.10.2019 13:50:00 EEST | Press release
On October 16th Gravity Interactive, Inc., a subsidiary of Gravity Co., Ltd. (NASDAQ:GRVY) which is a leading global game company, announced that it launched its mobile game Ragnarok M: Eternal Love in Europe and Russian regions. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20191017005400/en/ Gravity Interactive, a subsidiary of Gravity Co., Ltd. (NASDAQ: GRVY), officially launched its mobile MMORPG game Ragnarok M: Eternal Love in Europe and Russian regions on October 16th. Ragnarok M: Eternal Love, which can be enjoyed in English, German, Spanish, French, Portuguese, and Russian, will truly become a game that can be played worldwide. To celebrate the global launch, Gravity prepared various events. (Graphic: Business Wire) To guarantee a stable service of the game, Gravity carried out a closed beta test from October 10th to October 13th. Following the examinations and server tests, the official service for Europe began on t
Comfy and Enlighted Collaborate to Create Smarter Workplaces17.10.2019 13:00:00 EEST | Press release
Comfy, the leading provider of global workplace experience solutions, and Enlighted, the leading provider of Internet of Things (IoT) solutions for commercial buildings, are partnering to deliver smarter workplaces. Their collaboration integrates Comfy’s powerful workplace experience platform with Enlighted’s award-winning building IoT technology. The first collaborative project is an intelligent desk reservation system addressing the growing need for open, activity-based workplaces. The solution features a new Enlighted desk sensor configuration and is currently being deployed across the global real estate portfolio of one of the world’s largest enterprise software companies. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20191017005230/en/ Comfy and Enlighted have integrated their technologies to create a new intelligent desk reservation system. (Photo: Business Wire) Increasingly, companies are turning to unassigned seating
Logicalis Announces CEO Transition Plan17.10.2019 12:28:00 EEST | Press release
Logicalis, an international IT solution and managed services provider has announced that effective 1st March 2020, Mark Rogers will transition from his current CEO role to a Non-Executive Director (NED) role, at which point Robert Bailkoski will succeed Mark; Bob, currently COO, joined the company four years ago as CFO. Mark joined Logicalis 16 years ago and has spent the past 13 years in the pivotal roles of COO and CEO. During this period, the company experienced significant growth, with annual revenues increasing from $0.8bn to $1.7bn and EBITDA from $27m to $93m. In these roles, Mark has been extensively involved in M&A transactions and has overseen the integration of acquired businesses into the Logicalis Group, which expanded from a 9-country operation in 2007 to 26 countries today. Under his leadership, Logicalis has fostered a culture of professionalism, enthusiasm, and commitment in driving forward the importance and relevance of Logicalis for all its stakeholders while reposi
In our pressroom you can read all our latest releases, find our press contacts, images, documents and other relevant information about us.Visit our pressroom