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.


eEUR	ERC20	ETH	0x735fa792e731a2e8F83F32eb539841b7B72e6d8f	2022-03-26
eEUR	ERC20	POL	0x735fa792e731a2e8f83f32eb539841b7b72e6d8f	2022-12-28
eEUR	BEP20	BNB	0x735fa792e731a2e8f83f32eb539841b7b72e6d8f	2022-05-31
eEUR	ERC20	LINEA	0x6681E81647D64ee2c71c2804D327a9b20b436318	2024-06-11
eEUR	ERC20	BLAST	0x7378fd98083ef6d66d73c04a72ce6ff8a3b05eea	2024-07-05
eEUR	ERC20	BASE	0x40069c604267641a8add1e6d4bac64362da46ed0	2024-10-14
eEUR	ERC20	ARB	0x3f33c24a155f6ead6f16203c260f882d4507dacc	2024-09-12
	ERC20	SCROLL	0x77fD9A4B71F2f0Dd4a8db4b12AeB2b283a09e50F	2024-10-04
eEUR	ERC20	MODE	0x3E11bDdcc6b5a031E988cd4ABDccD2ee485fC0a7	2024-10-05
eEUR	ERC20	MANTLE	0x34c6F26b8bc88C6A8FE8119E3C0C56B63D9BcBBe	2024-10-05
eEUR	ERC20	CELO	0x3E11bDdcc6b5a031E988cd4ABDccD2ee485fC0a7	2024-10-06
eEUR	ERC20	OP	0x77fD9A4B71F2f0Dd4a8db4b12AeB2b283a09e50F	2024-10-06
eEUR	ERC20	AVAX	0xB7150937228C6d02ad32c27CE1AA01Bde93a0cBd	2024-10-06
	ERC20	ZK	0x4b9A3d1647BcfF64A8B08B0fCDcfA9c2aF5eaafE	2024-10-04