Quantoz EURD

Quantoz is a Dutch financial technology group that develops infrastructure for regulated digital money and asset tokenisation. The group consists of several subsidiaries, including Quantoz Technology B.V., Quantoz Blockchain Services B.V., and Quantoz Payments B.V. Quantoz Technology is responsible for the development of the NEXUS platform, which provides blockchain integration for digital finance. Quantoz Blockchain Services operates this platform as a SaaS solution, and Quantoz Payments is the entity licensed by the Dutch Central Bank (DNB) to issue electronic money tokens (EMTs) within the European Economic Area.

Quantoz Payments' business model revolves around issuing EMTs that are fully backed by fiat currency reserves. These funds are managed via a bankruptcy-remote structure through the Stichting Quantoz Foundation. The reserves are held in trusted bank accounts and low-risk financial instruments, compliant with MiCAR regulations. Quantoz offers EMTs tailored to the payments ecosystem, with features for secure, regulated, programmable digital money.

EURD is a euro-denominated electronic money token (EMT) issued by Quantoz Payments B.V. under an Electronic Money Institution (EMI) licence from the Dutch Central Bank. It is classified as both electronic money and an e-money token under MiCAR (Regulation EU 2023/1114). EURD is designed to maintain a 1:1 peg with the euro, with every token backed by a corresponding euro reserve. A minimum of 30% of reserves are held in safeguarded bank accounts, while the remainder is invested in secure, low-risk euro-denominated assets.

EURD is issued on the Algorand blockchain using the Algorand Standard Asset (ASA) framework. Transactions on the network are facilitated through Quantoz’s proprietary NEXUS platform, which handles account management, compliance, and transaction execution. EURD can be used for peer-to-peer payments, business transactions, and programmable payment flows across DeFi, IoT, and Web3 applications.

Redemption is available at par value through Quantoz’s platform, contingent on customer onboarding and KYC/AML verification. EURD can only be held and used by customers onboarded via Quantoz’s due diligence process, making it a closed-loop token system. Smart contract functionality is not used. The tokens include clawback and freezing capabilities for compliance and risk control.

EURD was created by Quantoz Payments B.V., a subsidiary of Quantoz N.V., based in Utrecht, Netherlands. The parent company, Quantoz N.V., is also responsible for the design and operation of the NEXUS platform and the technological infrastructure supporting EURD.

Quantoz Payments B.V. was registered on 30 September 2021. The company received its Electronic Money Institution licence on 13 October 2023 from De Nederlandsche Bank (DNB).

The Board of Directors of Quantoz Payments includes:

• A. Star Busmann (CEO – General Management)
• N. Haasnoot (CFRO – Finance, HR, Legal, Compliance)
• H. de Jong (COO – Business Development, Marketing and Sales)
• G. Hendriks (CTO – Technology, Systems and Operations)

The Supervisory Board includes:

• R. Berndsen (Independent Chair, expert in payments regulation)
• E. Dekkers (Shareholder representative)

Legal and regulatory compliance support was provided by Finnius Advocaten.