Milbank LLP is representing Flow Traders Ltd in its partnership with DWS Group and Galaxy to create AllUnity, an enterprise with the mission of revolutionizing the on-chain economy by issuing a fully collateralized EUR-denominated stablecoin that is regulated by BaFin, Germany’s financial regulator. AllUnity’s long-term focus will be to accelerate mass market adoption of digital assets and tokenization. Flow Traders, founded in 2004, is an Amsterdam-based global trading firm that provides liquidity in multiple asset classes, covering all major exchanges and trading venues. Flow Traders is one of the leading ETP market makers and has leveraged its expertise to expand into fixed income, commodities, FX and digital assets. DWS Group is a global asset manager with EUR 860 billion of assets under management. Galaxy is a digital asset and blockchain leader providing access to the growing digital economy. The Milbank deal team includes Hong Kong Global Corporate partner Neeraj Budhwani and associate Matthew Leung, and Corporate/M&A partner Martin Erhardt in Munich.