Corporate Treasury

A treasury team makes sure the company can pay its bills every day and does not leave cash idle. It collects the balances from all bank accounts, forecasts incoming and outgoing payments, moves money between group companies through cash pooling and invests or borrows the difference. It hedges currency and interest rate risk, manages the company's bank relationships and, in larger groups, issues bonds and commercial paper.

Treasury management is the name for this work, and a treasury management system (TMS) is the software that runs it: it pulls bank statements, holds the cash forecast, records deals and hedges and sends payment files to the banks. In Germany, Austria, Switzerland and France many companies exchange those files over EBICS, a standard for data exchange between a bank and its corporate clients that covers credit transfers, direct debits, account statements and cash management. The Verband Deutscher Treasurer, founded in 1997, describes itself as the leading professional association for corporate treasury in the German-speaking region, with more than 2,000 members from nearly 900 companies (in German).

Since Regulation (EU) 2024/886 took effect, every payment service provider in the euro area that offers SEPA credit transfers must also offer instant credit transfers, credited within ten seconds at any hour. Money that used to arrive the next business day now arrives in seconds, and a cash position that treasury checked once a morning can change at night or on a Sunday. The instant payments in Europe page sets out the deadlines.

Stablecoins are the second new rail. Under MiCA, a euro stablecoin is an e-money token that only a bank or an e-money institution may issue, backed by reserves and redeemable at par. AllUnity, a Frankfurt company set up by DWS, Flow Traders and Galaxy, issues the euro stablecoin EURAU under a BaFin e-money license. A treasury that pays suppliers in stablecoins needs custody for the tokens and a way to exchange them back into euros on its bank account. The report Stablecoins: The Operating Layer for Global B2B Payments by Finance Loop and Venturebloxx looks at these questions for cross-border business payments.

Banks offer treasurers a second form of digital money: the tokenized deposit, a bank deposit recorded on a distributed ledger that stays a claim on the bank and keeps its deposit protection. A stablecoin passes between holders like a bearer token, while a tokenized deposit moves from bank to bank the way a transfer does and can settle a trade the moment the ledger updates.

German treasuries have also used the ledger to raise money. In September 2024 Siemens issued a 300 million euro, one-year digital bond under the German Electronic Securities Act (eWpG). According to Siemens, it settled on the SWIAT blockchain within minutes and in central bank money through the Bundesbank's trigger solution, while its first digital bond of 60 million euros in 2023 took two days to settle. On September 21, 2026, the Eurosystem launched Pontes, which links DLT platforms with its TARGET Services so that wholesale DLT transactions can settle in central bank money.

In treasury, AI is used for cash forecasting: a model reads past bank statements, open invoices and orders from the ERP system and predicts the balance per account and day. Treasury teams also use it to match incoming payments to open invoices. AI agents go a step further and prepare or release payments on their own, which raises the question of who authorized a payment and who is liable when it goes wrong. Capital & Code, a Frankfurt conference with Finance Loop as media partner, has put corporate treasury and agentic payments on its program.

Finance Loop is the meeting place for treasurers and for the bankers and payments people who build the rails they use. It connects the finance, IT and AI communities in Germany, Austria and Switzerland, with events in Frankfurt, Munich, Berlin and Hamburg.

Finance Loop supports When Banks Say 'No', a half-day payments seminar in Frankfurt for compliance, treasury, finance, export and legal teams on blocked payments, de-risking, sanctions and digital assets. At Capital & Code, hosted by the euro stablecoin issuer AllUnity, central bankers, banks, asset managers, payment companies and corporate treasurers discuss stablecoins, tokenized funds, payments by AI agents and faster settlement. Finance Loop is also a strategic partner of the Digital Euro Association, whose Digital Euro Conference covers the digital euro and stablecoins.

Corporate treasury is the part of a company's finance function that manages cash, liquidity, funding and financial risk. It forecasts cash, moves money between accounts and group companies, hedges currency and interest rate risk and deals with the company's banks.

A treasury management system (TMS) is the software a treasury team works in. It collects bank statements, builds the cash forecast, records deals and hedges and sends payment files to the banks, in Germany often over EBICS.

Yes. MiCA sets the rules for the issuers of e-money tokens such as EURAU, which must be banks or e-money institutions. The company needs custody for the tokens and a bank or crypto-asset service provider that exchanges them back into euros.

Tokenized cash usually means tokenized bank deposits: money in a bank account recorded on a ledger, still a claim on that bank and covered by deposit protection. A stablecoin is a token issued against reserves that passes between holders and has no deposit protection. The hub comparison lines up both.