Question 1

What is ARYZE and the Digital Cash concept?

Accepted Answer

ARYZE is a fintech company headquartered in Copenhagen, founded in 2017. It develops fully reserved digital currency tokens under the name Digital Cash. These tokens are issued by ARYZE (BVI) Ltd, a subsidiary based in the British Virgin Islands. The Digital Cash series includes eEUR, eGBP and eUSD. ARYZE’s approach adheres to a model akin to full-reserve banking with no leverage and no credit creation. The tokens follow the principles of the Chicago Plan of 1939, separating monetary creation from credit extension. ARYZE designed additional infrastructure such as reForge, a cross-chain bridge for Digital Cash variants, and MAMA DeFi, a self-custodial exchange for swapping among the tokens.

Question 2

What is eEUR (EEUR)?

Accepted Answer

eEUR, with symbol EEUR, is a euro‑pegged stablecoin within ARYZE’s Digital Cash series. It is fully backed one‑to‑one by government‑issued assets such as cash, bonds or comparable instruments. Minting of eEUR requires depositing the underlying fiat or acceptable assets with trusted brokers. Redemption enables conversion back to the underlying asset. The token is issued as an ERC‑20 asset on Ethereum and as a contract on Polygon. Despite providing programmable digital money, eEUR does not create credit or function like an unbacked instrument. It is intended for settlement, programmable payment applications and cross‑chain transfers using reForge.

Question 3

Who created ARYZE and eEUR?

Accepted Answer

ARYZE was founded in 2017 in Copenhagen. The company leveraged its subsidiary ARYZE (BVI) Ltd to issue the Digital Cash tokens, including eEUR. The initiative was led by Jack Nikogosian, previously Head of Innovation at Coinify, who underscores ARYZE’s mission to foster financial inclusion. Morten Nielsen, co‑founder and CFO, grounded the vision in full‑reserve principles and the Chicago Plan. Both individuals contributed to shaping the architecture and governance of the Digital Cash ecosystem.