The goal of the international consortium was to create the technological, procedural and legal framework for a data trustee as one of the central building blocks for a European data ecosystem. The basic idea behind EuroDaT is the independent and neutral execution of data transactions.

EuroDaT GmbH went live in 2023 as Europe's first transaction-based data trustee. EuroDaT GmbH, based in Wiesbaden, is initially a 100% company of the State of Hesse.