Schuman Financial

Based in Paris, France, and founded in 2024, Salvus SAS, trading under the name Schuman Financial, operates as a financial services company that offers a product called EUROP a stablecoin used in the blockchain industry. In November 2024, Schuman Financial raised EUR 7. 36 million in seed funding led by Rockaway, with participation from Faction VC, Kraken Ventures, Nexo Ventures, etc.   Schuman Financial offers EUROP, a euro-backed stablecoin that facilitates online transactions with euros.

EUROP is fully backed by cash held in leading European banks and has an one to one value to the euro. The company offers direct EUROP exchange for commercial clients and retail users who meet AML and KYC criteria. Schuman Financial wants to fill a void in the market for euro-based digital assets, which is currently dominated by US dollar options, and focuses on delivering solutions to customers in the EU. The company plans to use the November 2024 funding to support the growth of its EUROP and aims to enhance its product offerings and expand into new European markets, further positioning itself within the euro-denominated digital asset space.