TLDR AEUR’s roadmap focuses on stabilizing operations post-banking partner collapse:
1. Collateral Recovery (Ongoing) – Resolving $AEUR’s exposure to FlowBank’s bankruptcy.
2. Service Resumption (TBD) – Reopening issuance/redemptions after collateral transfer.
3. Regulatory Safeguards (2025) – Strengthening banking partnerships and compliance.
Deep Dive
1. Collateral Recovery (Ongoing)
Overview: Anchored Coins AG is negotiating with FlowBank SA’s liquidators to recover collateral trapped in bankruptcy proceedings since June 2024. The collateral (part of AEUR’s reserves) lacks privileged status, meaning recovery depends on creditor payouts. The team aims to expedite transfers to Swissquote Bank SA, its remaining partner.
What this means: This is bearish for AEUR until resolved, as uncertainty around collateral recovery risks depegging. Success would restore confidence, but delays could pressure the $1.10 price (-4.46% monthly decline).
2. Service Resumption (TBD)
Overview: Issuance, redemptions, and new client onboarding remain paused per regulatory orders. Resumption hinges on collateral recovery or alternative safeguards. The team cites “timely updates” but offers no deadline.
What this means: This is neutral short-term, as paused services limit supply growth (circulating supply flat at 47.9M). Prolonged halts could reduce liquidity (24h volume $75.8M, +3.81% daily) and institutional adoption.
3. Regulatory Safeguards (2025)
Overview: Anchored Coins plans to diversify banking partners beyond Swissquote and implement stricter collateral protocols. No specifics exist, but Swiss regulatory collaboration is emphasized.
What this means: This is bullish if achieved, as multi-bank redundancy could prevent future crises. However, execution risks persist—Swissquote alone backs 47.9M AEUR ($52.9M market cap), requiring rapid scaling of new partnerships.
Conclusion
AEUR’s near-term stability hinges on recovering FlowBank-linked collateral and restoring full convertibility. Long-term success depends on banking diversification to avoid single-point failures. With the token trading at a 10% premium to EUR, how quickly can Anchored Coins resolve redemption uncertainties before volatility escalates?