According to ChainCatcher, European fund giant DWS (DWSG.DE) has created a new company as part of its plan to launch the first cryptocurrency regulated by Germany next year, according to Reuters.

DWS, a subsidiary of Deutsche Bank, manages 941 billion euros (about 1 trillion U.S. dollars) in assets worldwide. The company plans to launch the first euro stablecoin regulated by the German Financial Supervisory Authority in 2025. The German Financial Supervisory Authority declined to comment.