01 Overview
What Olbra is.
Olbra is a regulated money platform. The base layer is fully-reserved digital cash, MiCA e-money tokens for the euro (EURY), the złoty (PLNY), and the US dollar (USDY), issued by licensed entities the group owns outright. Above the cash sit tokenised assets and yield, the rails that move everything, money built for autonomous agents, and a planned ecosystem token.
Olbra is pre-launch and infrastructure-first. There is no consumer app today; it's on the roadmap. Partners integrate the tokens and rails: exchanges list them, fintechs settle on them, treasuries hold them, banks distribute them.
One e-money licence mints unlimited tokens by notification. The regulatory perimeter is paid for once and amortised across everything the platform ships. That's the economics behind the five layers.
02 The stablecoins
Three currencies, one standard.
| Token | Currency | Status | Networks | Contract | Whitepaper |
|---|---|---|---|---|---|
| EURY | Euro | Live | Ethereum | 0x96Ec…8fF2 | |
| PLNY | Polish złoty | Live | Ethereum | 0x31A7…3B47 | |
| USDY | US dollar | Live | Ethereum · USD custody at Citibank | 0xf25c…5b7f |
Each token is an e-money token under MiCA: reserve assets at least equal to tokens in circulation, held at credit institutions, segregated from operating funds, with no fractional reserve and no rehypothecation. Redemption at par is an enforceable holder right, on demand.
Each issuance carries a published MiCA whitepaper, notified to the Danish FSA. Read the whitepapers and holder rights. EURY, PLNY and USDY are all live on-chain today; USDY's whitepaper is notified and its USD custody is live, with the US market opening timed to the federal framework.
03 Platform layers
Five layers on one licence stack.
Cash: the stablecoins
The base layer above. Everything else composes on it. Stablecoins
Assets & yield
Tokenised gold and silver, forthcoming; one token, one gram, custody and audit details published ahead of launch. The flagship is the Olbra Money Market Fund: institutional money-market yield in a single regulated token under EUI AG's FMA-approved prospectus. Tokenised assets
Rails
Institutional settlement on a dedicated settlement network; DeFi composability on Ethereum through Morpho and Uniswap V4; a licensed fiat on-ramp across Central Europe; and an exchange path: Binance, Kraken, OKX as a distribution path, not a current claim. Rails
Agentic
The same tokens, framed for software: programmable, instant, always-on, and regulated: money an autonomous agent is allowed to hold and spend. Agentic
$OLBRA
The planned ecosystem token over the whole stack: governance, loyalty, value capture. In design; token generation targeted for 2026, subject to change and regulatory review. $OLBRA is not an e-money token, not a stablecoin, and confers no claim on any reserve. Token
04 Architecture & security
Supervision is the security model.
The tokens run on two networks with two jobs: Ethereum for open, composable liquidity, and a dedicated network for institutional settlement. The contracts are standard, audited token implementations, with no exotic mechanisms, because regulated money shouldn't have any.
Reserve safety is structural, not promised: reserves sit at credit institutions, segregated from the issuer's operating funds, under the safeguarding rules of the issuer's national supervisor. On-chain verification is being added on top. Chainlink Proof of Reserve for PLNY, with a Secure Mint policy that blocks issuance beyond verified reserves, is in deployment for PLNY's commercial launch.
The deepest layer of security is the regime itself: own-funds requirements, fit-and-proper management tests, audit, and inspection by named regulators. What MiCA makes enforceable
05 Regulatory
The entity map.
- Olbra ApS: the company, a Danish e-money institution (CVR 39729482, Copenhagen), supervised by the Danish FSA (ref. 17547, the first Danish MiCAR EMT issuer). Mints EURY, PLNY, and USDY.
- EUI AG: Liechtenstein entity holding the FMA-approved prospectus for tokenised securities, passported across 17 EEA countries.
- Stabillon: a Polish KNF-registered institution; Olbra holds a stake in the only licensed e-money institution in Poland.
MiCA's four pillars apply to every issuance: licensing on a public register, 1:1 segregated reserves, whitepaper transparency, and ongoing supervision.
Every claim resolves to a public record: verify the licenses against the registers, or read the regulatory section for how the regime differs from offshore crypto.