press release. The preservation of the Euro sculpture in downtown Frankfurt, Germany, has been in jeopardy in recent months as no sponsors have been willing to provide the necessary financial support. At the same time, the costs of repairing sculptures have increased significantly, especially with the increase in levels of destruction.
The independent non-profit association Frankfurter Kultur Committee EV, which owns the Euro sculpture, would have been forced to auction the sculpture as a last resort on 15 October 2022 if no one had stepped forward to help.
Due to this situation and the discussion in the media, the issue became a topic of discussion. With this media attention, the Frankfurt company CAIZ Development GmbH recognized the problem. As a local company in a financial center, they decided to quickly develop the necessary funding to keep the Euro sculpture in Frankfurt.
Illegal Development is a Frankfurt-headquartered fintech company developing a blockchain-based financial inclusion ecosystem. For CAIZ development, this means, among other things, access to a shopping account – currently unavailable to more than two billion people worldwide. “Caiz” in Arabic means “authorized, honest and legal”, and it represents the general direction of conduct in the financial world.
The sponsorship contribution will not only cover the maintenance costs of the Euro Sculpture for the next five years. The main sponsor organizes events on topics related to the legal purpose of the Frankfurter Kultur Committee EV Association.
The City of Frankfurt, the European Central Bank and the Ministry of Finance of the Regional State (Hessian) will continue to participate in activities around the euro sculpture.
Of course, additional sponsors to support the Frankfurter Kultur Committee, EV are always welcome.
Frankfurter Kultur Committee E.V
Professor Dr. Manfred Paul
Phone: +49 (0)172-678 5628
CAIZ Development GmbH
Phone: +49 (0)162-7963310
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