Description
Anchored Coins AG is a Swiss company that issues two stablecoins, ACHF and AEUR, each backed 1:1 by cash reserves in Swiss Francs and Euros respectively, held in bank accounts including Swissquote Bank SA. The company positions itself around security, speed, and regulatory compliance, offering full cash reserves and steadfast 1:1 redemptions for holders. It is a member of VQF, Switzerland's largest cross-industry self-regulatory organization recognized by FINMA, and is obligated to comply with Swiss anti-money laundering regulations. Anchored Coins AG handles direct redemption requests for AEUR exceeding 250,000 EUR, requiring a due diligence and KYC process. Due to the EU's Markets in Crypto-Assets Regulation (MiCAR) requiring EU licensing for EUR-denominated stablecoin issuers, the Swiss-based company will not issue new AEUR tokens and plans to withdraw from the stablecoin business and Swiss market in an orderly manner, while working on a compliant solution for existing token holders. Its clients include crypto holders, exchanges, and institutional partners seeking stable, redeemable digital currency solutions.