Monerium / Dec 31, 2019


3 min read

Year in review

2019 was a big year for Monerium as the team secured its e-money licence in June and became the first e-money institution authorized to issue e-money on blockchains.

In the following months, we announced our first use cases and passported our license across Europe.

The license and the use cases validate a roadmap we started defining several years ago.

In 2015, shortly after the launch of Ethereum, Monerium undertook to write a commissioned report about blockchains and the future of finance.

In 2016, we concluded that a reliable fiat token would be required for mainstream adoption of blockchains.

In 2017, Monerium started hiring and preparing to apply for a fiat token license in a major jurisdiction.

In 2018, we applied to become an electronic money issuer in Europe for the purpose of issuing e-money on chain.

In 2019, our license was approved, we are open for business and look forward to announcing more use cases in 2020.

Milestones of 2019

  • February 11, 2019

    Stockholm Fintechweek

    Presentation at Stockholm Fintechweek: e-money on blockchains.

  • June 14, 2019

    EMI Licence granted

    Monerium EMI is granted a full EMI licence to issue e-money on blockchains.

  • June 15, 2019

    Positive Money, Stockholm

    Presentation at Positive Money, Stockholm: e-money on blockchains.

  • June 17, 2019

    ISKe issued on blockchain

    The first currency issued was the ISKe (Icelandic króna).

  • September 17, 2019


    Presentation at the IMF: e-money on blockchains.

  • October 1, 2019

    Pilot announced with Tradeshift

    Monerium in collaboration with Tradeshift Frontiers settle a smart invoice using e-money on blockchain.

  • October 2, 2019


    Presentation at Coinscrum: e-money on blockchains.

  • October 22, 2019

    World Economic Forum

    Presentation at the WEF, Paris: e-money on blockchains

  • November 18, 2019

    Passporting to six EU countries completed

    Our licence was successfully passported to UK, Germany, France, Denmark, Sweden, Lithuania.

  • November 28, 2019

    EURe, GBPe and USDe issued on blockchain

    Three major currencies were added to the supported currencies in preparation for the second pilot with Tradeshift.

  • December 10, 2019

    Second pilot with Tradeshift

    World's first cross-border transactions using euro on blockchain.

    Read more

  • December 16, 2019

    Passporting to all EEA countries completed

    Monerium is now licenced to onboard customers from all EEA countries.