01The fact sheet
| EURXT — CACEIS BANK | |
|---|---|
| Issuer | CACEIS BANK S.A. — credit institution, wholly owned subsidiary of Crédit Agricole S.A. |
| Regulatory status | MiCA Electronic Money Token (EMT) — notified to the ACPR on 03/04/2026, not “significant” at this stage |
| Timeline | White paper published on 05/06/2026 — public offer and admission to trading from 15/06/2026 |
| Infrastructure | Ethereum (extended ERC-20 standard) — Taurus technical infrastructure, Deloitte / OpenZeppelin audit |
| Audience | Professional clients only (no retail) |
10,000EURXT
Minimum subscription.
€2bnper transaction
Subscription cap.
70%of reserves
Maximum share invested in liquid instruments.
€1bnintraday
Maximum CACEIS self-holding (€250m overnight).
02The point of attention for holders
EURXT holders are unsecured ordinary creditors of CACEIS BANK: there is no dedicated fiduciary structure, unlike SG-FORGE's EURCV. For a corporate treasury, this structural difference must be part of the counterparty analysis, just like reserve quality.
EURXT illustrates the “French path” for digital commercial bank money: a bearer on-chain euro, regulated by MiCA, issued by a major European custodian. It is part of the wider debate between tokenised deposits and EMT stablecoins.
Sources : CACEIS BANK EURXT MiCA white paper, published on 05/06/2026; OpenbanQ fact sheet.