Questions, answered plainly.

Olbra ApS is an electronic money institution in Copenhagen, authorised by Finanstilsynet, the Danish financial regulator. We issue e‑money tokens (EMTs): the euro, the Polish złoty and the US dollar as digital money on a public blockchain, each backed one‑for‑one and redeemable with us at par. EURY (euro) is in issue. PLNY (złoty) and USDY (dollar) are deployed, with none issued yet. We are also building the Olbra app, which is not generally available yet.

No. Olbra ApS is an e‑money institution, which is a different licence with different rules. We safeguard your money rather than holding it as a deposit: client funds are kept apart from ours and cannot be used to run the business. Because they are not deposits, no deposit‑guarantee scheme covers them.

Olbra ApS, Krudtløbsvej 12, 1439 København K, Denmark, company number (CVR) 39 72 94 82, with a team in Poland. You can check us in the Danish company register, in Finanstilsynet's register and at GLEIF, which holds our legal entity identifier. These registers may still show our former name, Eurodollar ApS, which we changed in July 2026.

Not yet. The Olbra app is not generally available, and we have not announced a launch date. Join the early‑access list and we will tell you about the launch.

It will hold and move your money. You will be able to keep euro, złoty and dollar balances and other supported assets, send and receive payments, pay someone by phone number or email, exchange between currencies, and pay with a card where that is available. The app terms describe each feature.

You do. The app is non‑custodial: your key is created on your device and stays there. We hold no key that can move your funds, and we cannot recover yours. The key is backed up through your iCloud Keychain, so keep that backup working. If you lose both your device and the backup, no one can restore your funds.

Under the app terms, we charge 0.35% when you buy or exchange, and selling is free. Network fees apply to on‑chain activity and are shown before you confirm. Card and cash‑out fees, where those features are available, are shown at the point of use. Redeeming tokens with us at par is free of charge.

Through the app, once it opens, by adding money through a third‑party provider where that is available. Businesses that want to acquire or redeem tokens directly with us can contact us. PLNY and USDY have not been issued yet.

Digital euros, złoty and dollars. Olbra ApS issues them as e‑money tokens under MiCA, the EU regulation for crypto‑assets. Each token is backed one‑for‑one by reserve assets, and you can redeem it with us at par, meaning for the same face amount in ordinary money.

A token is in issue when tokens exist and people hold them: EURY is in issue. A token is deployed when its contract is on the blockchain but no tokens have been issued: PLNY and USDY are deployed, with a supply of zero. Notified describes the whitepaper, the legal document for each token. We have notified a MiCA whitepaper for all three to Finanstilsynet; MiCA does not ask the regulator to approve an e‑money token whitepaper. You can check each supply on Etherscan: EURY, PLNY, USDY.

In law they are crypto‑assets: MiCA treats an e‑money token as one kind of crypto‑asset. Their value is tied to one euro, złoty or dollar, because each token is backed by reserves and you can redeem it with us at par. On an exchange the price can still move away from par. That does not change your right to redeem with us at par.

Ethereum. All three contracts are deployed on Ethereum mainnet and source‑verified on Etherscan, which means the published code matches the code running on the chain.

Olbra ApS issues all three, and it is the party you redeem with. The whitepaper for each token is linked in the footer of every page.

Yes. A business with an Ethereum wallet can hold and send EURY. If you want to acquire or redeem tokens directly with us, or build them into your own product, talk to us. Working with us directly involves onboarding, including checks on the business and the people behind it.

One‑for‑one. For every token in circulation we hold at least the same amount in reserve assets. They are safeguarded: kept apart from our own funds, with banks and custodians, in the low‑risk assets the rules allow, so they are not available to our creditors.

Yes. Under Article 49 of MiCA you can redeem at any time, for the full face amount, free of charge. This is a legal right that we owe you. Part D of each whitepaper also sets out what would change if we ever had to use our recovery or redemption plan.

Write to [email protected] to start a redemption. You receive the face amount in the token's currency, free of charge, and the law requires us to confirm who you are before we pay out. We do not publish a standard turnaround time. The conditions are set out in each token's whitepaper and in our redemption policy.

You can check the public parts yourself. The supply of each token is on Etherscan, and our authorisation is in Finanstilsynet's register. The reserve assets are safeguarded under Finanstilsynet's supervision. We do not yet publish reserve reports on this site.

Reserve assets are safeguarded for token holders and are not available to our general creditors. Under each whitepaper, holders rank ahead of our other creditors, subject to Danish insolvency law. An insolvency would still be disruptive: getting your money back could take time and may not return the full amount, and no deposit‑guarantee scheme applies. See the risk disclosure.

No. MiCA (Article 50) forbids an e‑money issuer from paying interest on its tokens, so holding EURY, PLNY or USDY earns nothing.

A forthcoming feature of the app. Earn deposits your money into third‑party lending vaults on a public blockchain, at a variable rate that is not a promise. It is not a deposit and no deposit‑guarantee scheme covers it. You can lose money: the software running a vault can fail or be exploited, borrowers can default, and what you deposited can fall in value. You decide whether to use it; we do not manage it for you or give investment advice.

Not yet: borrowing is forthcoming. It would run through Morpho, a third‑party lending protocol on a public blockchain. You pledge something you hold, it is locked while the loan is open, and it is released when you repay. If its value falls far enough, it is sold to close the loan.

Forthcoming. We plan to offer them as tokens, and none is available yet. They will be investment products, separate from e‑money: their value can go down as well as up, and redemption at par does not apply. Each will come with its own legal documentation before it launches.

We do not advertise rates before launch. Any return will depend on the underlying assets, will change over time and can fall. The terms will be in each product's documentation.

Finanstilsynet, the Danish Financial Supervisory Authority. It authorised Olbra ApS as an electronic money institution on 11 February 2025 and supervises it on an ongoing basis. The authorisation is passported across the European Economic Area.

Not to hold tokens in your own wallet. Identity checks apply at the regulated steps: adding money, cashing out, using the card, and redeeming with us. In the app, adding money and cashing out go through third‑party providers, which run their own checks.

Olbra serves the European Economic Area (EEA): our authorisation is Danish and passported across the EEA. We hold no authorisation in the United States, and in the app, buying or selling with a card or bank transfer is not available there. Some features and assets are not available in every country.