SwissBorg launches free 1:1 swaps between EUR and EURØP via issuer Schuman Financial

SwissBorg now offers free swaps between euros and EURØP at exactly 1:1, routed straight through the token’s issuer.

SwissBorg’s new feature, launched November 10, 2026, aims to make that toll disappear for EURØP holders on its platform.

How the swap works

Users convert fiat euros into EURØP, or EURØP back into euros, at a fixed one-to-one rate.

Instead of matching users against a market order book, SwissBorg routes the conversion through Schuman Financial, the company that issues EURØP.

SwissBorg charges zero fees on these swaps. The conversions are expected to finish within minutes, according to the research findings on the launch.

The arrangement is claimed to be the first of its kind for the EURØP token.

What EURØP actually is

EURØP is an electronic money token, or EMT. That label comes from the European Union’s Markets in Crypto-Assets framework, better known as MiCA.

Under MiCA, an EMT is a token that references a single official currency.

EURØP is designed to stay pegged one-to-one to the euro. Its reserves are held at institutions including Société Générale, one of France’s major banks.

The issuer also keeps an additional 2% in reserves on top of full backing. Those reserves face quarterly audits from KPMG.

EURØP also runs on multiple blockchains, including Ethereum, Polygon, and Avalanche.

SwissBorg’s slow build with EURØP

SwissBorg first brought EURØP onto its platform in December 2025. At that stage, users could deposit, withdraw, and exchange the token.

By July 2026, SwissBorg had folded EURØP into its Smart Cash program. That loyalty scheme rewards users who hold EURØP with BORG tokens, SwissBorg’s native asset.

Smart Cash comes with no lock-ups. Users can earn rewards without committing their funds for a fixed period.

SwissBorg has also partnered with the Eurøpe Consortium, which supports wider adoption of EURØP among European investors and traders.