Eurite

Eurite Euro Token (EURI) is issued by Banking Circle S.A ("Banking Circle") and subject to regulatory requirements of Markets in Crypto-Assets Regulation (MiCA). Banking Circle S.A has been granted authorisation as a credit institution under the supervision of the Luxembourg Commission de surveillance du secteur financier ("CSSF"). EURI will be issued as an ERC-20 token on the Ethereum ("ETH") Blockchain and as a BEP-20 token on the BNB Smart Chain ("BSC") blockchain which will be pegged to the EUR on a 1:1 basis. EURI will be issued at par value (i.e. 1 EUR for every EURI) on the receipt of funds from the holders of EURI. Funds are bankruptcy remote in the event of an insolvency of Banking Circle S.A. EURI is attested by top tier auditors to ensure tokens in circulation are backed 1:1.