The Future Of Banking Is Here: Meet Unstoppable Finance, Europe’s First DeFi Native Bank
Hold on to your hats, because Unstoppable Finance is shaking up the European crypto market with its launch of Europe’s first compliant “DeFi-native bank” and a fiat-backed Euro-pegged stablecoin! This Berlin-based fintech startup is offering a broad suite of banking and financial services on both traditional and DeFi rails, providing a legally compliant solution that bridges the gap between traditional finance and the decentralized economy.
Key Highlights
- Unstoppable Finance plans to roll out Europe’s first compliant “DeFi-native bank” and a fiat-backed Euro-pegged stablecoin.
- The DeFi bank will ensure that the stablecoin is fully backed by reserves, deposited to a European Central Bank (ECB) account, maximizing the stability of the stablecoin.
- Unstoppable Finance’s founders include Peter Grosskopf, Maximillian von Wallenberg-Pachaly, and Omid Aladini, with experience in launching Germany’s first regulated crypto exchange and Solarisbank, the first tech company to get a German digital banking license.
- Unstoppable Finance’s first product, the DeFi wallet “Ultimate,” launched in 2022, offering smartphone users to custody and trade their crypto assets in a non-custodial manner.
- In August 2022, Unstoppable Finance raised a €12.5 million ($12.8 million) Series A financing round led by Lightspeed Venture Partners, with participation from Rockaway Blockchain Fund and Fabric Ventures.
The bank’s founders, Peter Grosskopf, Maximillian von Wallenberg-Pachaly, and Omid Aladini, have a wealth of experience in the crypto and tech space, including launching Germany’s first regulated crypto exchange and the first tech company to get a German digital banking license. Their expertise is exactly what’s needed to navigate the new MiCA legislation and provide legally compliant solutions to the European market.
Unstoppable Finance’s DeFi-native bank is using stablecoins to make money programmable, settle transactions in seconds, and provide transparency into transaction ledgers. And with the stablecoin backed by fiat reserves, customers can be sure of stability and compliance with the new legislation.
But that’s not all — Unstoppable Finance’s first product, the DeFi wallet “Ultimate,” allows smartphone users to custody and trade their crypto assets in a non-custodial manner, offering three protocols for trading, liquid staking, and stablecoin swapping. And with the recent €12.5 million ($12.8 million) Series A financing round led by Lightspeed Venture Partners, Unstoppable Finance is well-funded to develop the DeFi wallet and build the fully regulated DeFi-native bank and stablecoin.
Overall, Unstoppable Finance’s launch is a game-changer for the European cryptocurrency market, providing greater clarity and certainty for businesses operating in the sector and rebuilding the financial system. Get ready for a new era of DeFi banking! To get more insights on blockchain, crypto, NFTs, subscribe to my newsletter and check out my Twitter and Medium accounts. I post valuable content on these platforms regularly.
