Newrails, UAB is a Lithuanian Electronic Money Institution (EMI) licensed by the Bank of Lithuania (License #69, issued 4 June 2020), passporting services across the EU. It is a wholly-owned subsidiary of Typhoon Wealth Group Limited (UK Company 12955709), which acquired 100% ownership in January 2023. Newrails issues EURW (Newrails Euro Token), a MiCA-compliant euro-pegged e-money token deployed on the Hedera and Monad blockchain networks, fully backed 1:1 by EUR-denominated reserve assets held in segregated safeguarding accounts at regulated EU credit institutions.
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