Euro sculpture in Frankfurt is saved CAIZ Development is the new main sponsor

News release by Caiz Development GmbH

Frankfurt, Germany | September 27, 2022 06:46 PM Eastern Daylight Time

The preservation of the Euro sculpture in downtown Frankfurt, Germany, has been in danger in recent months as there were no sponsors willing to provide the required financing. At the same time the costs of maintaining the sculpture have risen considerably, mainly due to increased levels of vandalism.

The non-profit independent association Frankfurter Kultur Komitee e.V., the owner of the Euro sculpture, would have been forced to have the sculpture auctioned off as a last resort by 15 October 2022 if no-one had stepped forward to help.

In view of this situation and the resulting discussion in the media, the issue became a hot topic. Through this media attention, the Frankfurt company CAIZ Development GmbH became aware of the problem. As a local company with its roots firmly in the financial center, they quickly decided to come up with the financing necessary for the Euro sculpture to remain in Frankfurt.

  Development is a fintech company headquartered in Frankfurt, and it is developing a blockchain-based ecosystem for financial inclusion. For CAIZ Development that means, among other things, access to a transactional account – something which is currently unavailable to more than two billion people worldwide. "Caiz" in Arabic stands for "permitted, trustworthy and legal," and it represents a general ethical orientation in the financial world.

The sponsorship contribution doesn’t only cover the maintenance costs for the Euro sculpture for the next five years. The main sponsor will also organize events on topics that match the statutory purpose of the Frankfurter Kultur Komitee e.V. association.

The city of Frankfurt, the European Central Bank and the local state (Hessian) Ministry of Finance will continue to be involved in the activities around the Euro sculpture.

Of course, further sponsors to support the Frankfurter Kultur Komitee e.V. are always welcome.

Media contacts:

Frankfurter Kultur Komitee e.V.

Prof. Dr. Manfred Pohl

Tel: +49 (0)172-678 5628

CAIZ Development GmbH

Steffen Rieger

Tel: +49 (0)162-7963310

Contact Details

Caiz Development GmbH

Jörg Hansen

Company Website

Caiz Development GmbH Media Channels