BANCOMAT accelerates its EUR.BANK project

BANCOMAT accelerates EUR.BANK, the euro stablecoin project and its ecosystem: first trials with leading Italian banks are underway

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BANCOMAT announces a major step forward for the EUR.BANK project, aimed at developing a euro stablecoin, with the collaboration of some of the country's leading financial institutions.

Specifically, Banca Generali, Banca MPS, Banca Sella, Banco BPM, BPER Banca, Cassa Centrale Banca, CREDEM, Crédit Agricole Italia, and Intesa Sanpaolo have agreed to launch an initial phase of technical testing (without direct customer involvement) to verify key use cases and the supporting infrastructure.

The EUR.BANK initiative is not limited to creating a euro stablecoin; it aims to build an interoperable, institutional ecosystem that is fully integrated with the banking system. The stablecoin serves as the initial access point: a tool designed to enable new digital services, in line with ongoing European initiatives and leveraging the central role of banks. In this model, reserves remain within the banking system, preserving deposits and strengthening depositor protection.

The project is part of the institutional dialogue promoted with the Italian Banking Association (ABI) and the necessary consultations with competent authorities, including the Bank of Italy, and is being developed in accordance with the European regulatory framework.

Key areas of application currently under study include:

• Tokenization of financial instruments, including sovereign debt;

• 24/7 on-chain payments and settlements to support emerging digital markets;

• Support for the internationalization of Italian and European companies by simplifying cross-border flows.

The project is proceeding according to the planned roadmap, with the goal of contributing to the development of a European digital currency ecosystem based on shared standards, interoperability, and trust.

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Fabrizio Burlando, CEO of BANCOMAT, stated:

The initiative we are pursuing with some of the country's leading banking institutions is an important step, not only for BANCOMAT but for the entire system. Our goal is to demonstrate that innovation and stability are not contradictory: it is possible to build a modern digital infrastructure while remaining fully within the logic of trust and savings protection.

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ABI Director General Marco Elio Rottigni stated:

ABI views industry initiatives on stablecoins favorably, as they aim to explore scenarios, opportunities, and potential solutions for the benefit of the entire Italian banking sector and, more broadly, the country. This is a path that can develop in a complementary and consistent manner with ongoing public initiatives, helping to strengthen the innovation, security, and competitiveness of the national financial ecosystem.

BANCOMAT will continue to work with banking partners, institutions, and technology providers to advance the project through its next development phases, in full compliance with the regulatory framework.

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Media Note: EUR.BANK is a project currently under development. Any operational implementation phases will be subject to the necessary authorizations from the competent authorities.

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