Deployments · platform by Qivalis
Qivalis bank-consortium euro stablecoinNew
A planned euro e-money token under MiCA from Qivalis, an Amsterdam company founded in September 2025 and backed by 37 European banks in 15 countries, among them ING, BNP Paribas, UniCredit, BBVA, CaixaBank, DekaBank, DZ BANK, KBC, SEB, Raiffeisen Bank International, ABN AMRO, Rabobank and Intesa Sanpaolo. De Nederlandsche Bank authorised Qivalis as an electronic money institution on 14 October 2026; issuance is planned within months, once its white paper has been notified. The token is to be fully reserved and distributed business-to-business through banks, exchanges, payment firms and market infrastructures, for payments, treasury and settling tokenised assets; Fireblocks provides the digital-asset infrastructure.
Announced since Sep 2025[1] — EMI authorised; no token issued yet (white paper still to be notified). · Reviewed 13d ago
- Assets
- Networks
- Unknown ledger Not disclosed[1]Qivalis's own releases do not name a chain; one trade report (Stablecoin Insider, Sept 2026, not opened) says public Ethereum.
- Jurisdictions
- Netherlands, European Union
Participants
- QivalisPlatform provider, Issuer, Operator[1]Netherlands
- FireblocksTechnology provider[3]United States
- INGInvestor[2]Netherlands
- BNP ParibasInvestor[2]France
- UniCreditInvestor[2]Italy
- BBVAInvestor[2]Spain
- CaixaBankInvestor[2]Spain
- DekaBankInvestor[2]Germany
- DZ BANKInvestor[2]Germany
- KBC GroupInvestor[2]Belgium
- SEBInvestor[2]Sweden
- Raiffeisen Bank InternationalInvestor[2]Austria
- Banca SellaInvestor[2]Italy
- ABANCAInvestor[2]Spain
- CecabankInvestor[2]Spain
- HelabaInvestor[2]Germany
- Intesa SanpaoloInvestor[2]Italy
- Spuerkeess (Banque et Caisse d'Epargne de l'Etat)Investor[2]Luxembourg
- ABN AMROInvestor[2]Netherlands
- AIBInvestor[2]Ireland
- Banco SabadellInvestor[2]Spain
- Bank of IrelandInvestor[2]Ireland
- BankinterInvestor[2]Spain
- Banque Fédérative du Crédit MutuelInvestor[2]France
- BPER BancaInvestor[2]Italy
- Erste GroupInvestor[2]Austria
- Groupe BPCEInvestor[2]France
- HandelsbankenInvestor[2]Sweden
- KutxabankInvestor[2]Spain
- LandsbankinnInvestor[2]Iceland
- RabobankInvestor[2]Netherlands
- SwedbankInvestor[2]Sweden
- Danske BankInvestor[2]Denmark
- Bank PekaoInvestor[2]Poland
- Jyske BankInvestor[2]Denmark
- National Bank of GreeceInvestor[2]Greece
- NordeaInvestor[2]Finland
- OP Financial GroupInvestor[2]Finland
- Piraeus BankInvestor[2]Greece
Operates under
- Markets in Crypto-Assets Regulation (MiCA), Regulation (EU) 2023/1114European Union · Primary legislation[1]
Timeline
- Expected H2 2026 (month only) · Launch · recorded 17 Oct 2026Planned first issuance of the Qivalis euro stablecoin.[2]
- Happened 14 Oct 2026 · Regulatory approval · recorded 17 Oct 2026
- Happened 20 May 2026 · Participant joined · recorded 17 Oct 2026Twenty-five more banks join, taking the consortium to 37 institutions in 15 countries; launch targeted for the second half of 2026.[2]
- Happened Sep 2025 (month only) · Announcement · recorded 17 Oct 2026Nine European banks set up Qivalis in Amsterdam to issue a MiCA euro stablecoin; the founding group later grew to twelve.[3]
Sources
- [1]Qivalis receives authorisation as an Electronic Money Institution from De Nederlandsche Bank — Qivalis, 14 Oct 2026. Accessed 17 Oct 2026.B
- [2]Qivalis More Than Triples in Size as 25 New Banks Join the Consortium — Accelerating Institutional Shift Towards a Fully Regulated Euro Stablecoin — Qivalis, 20 May 2026. Accessed 17 Oct 2026.B
- [3]Qivalis stablecoin consortium secures Dutch EMI license — Ledger Insights, 14 Oct 2026. Accessed 17 Oct 2026.C
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