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QIVALIS

Qivalis is a growing consortium of European banks — founded by twelve institutions, with around 37 reported by May 2026 — developing a MiCA-compliant euro-backed stablecoin.

HeadquartersAmsterdam, Netherlands
Founded2025
CEOJan-Oliver Sell
StagePrivate
FoundersBanca Sella, CaixaBank, Danske Bank, DekaBank, ING, KBC, Raiffeisen Bank International, SEB, UniCredit, BNP Paribas, DZ Bank, BBVA
Key InvestorsBanca Sella, CaixaBank, Danske Bank, DekaBank, ING, KBC, Raiffeisen Bank International, SEB, UniCredit, BNP Paribas, DZ Bank, BBVA
X@qivaliseu ↗
LinkedInqivalis ↗

Products

QIVALIS-EUR announced
QIVALIS-EUR Stablecoin
Fiat Backed

QIVALIS-EUR is a euro-backed stablecoin developed by a growing consortium of European banks, expected to launch in H2 2026 pending DNB EMI authorization.

Qivalis is a consortium of European banks formed to issue a euro-backed stablecoin. The initiative was founded by twelve major European financial institutions and has grown significantly: by May 2026 around 37 banks had joined or expressed support.

Qivalis has applied for an Electronic Money Institution (EMI) license with the Dutch Central Bank and is awaiting approval.

Regulatory Status

Netherlands
Electronic Money Institution authorisation under DNB supervision for MiCAR-compliant euro stablecoin issuance
pending

Frequently Asked Questions

Has Qivalis launched its euro stablecoin?
Qivalis has not issued a stablecoin or token yet, and its official website says verified smart contract addresses will be published in the future. The planned qivalis-eur product is expected in the second half of 2026, subject to regulatory approval.
Who is behind Qivalis?
Qivalis is an Amsterdam-based euro stablecoin company backed by a consortium of major European banks. Reuters reported that the group includes institutions such as ING, UniCredit, BNP Paribas, CaixaBank, Danske Bank, DekaBank, KBC, Raiffeisen Bank International and SEB, with Jan-Oliver Sell serving as CEO.
Will Qivalis be MiCA compliant?
The Qivalis consortium plans to launch a MiCAR-compliant euro-denominated stablecoin under Dutch Central Bank supervision. Public bank announcements state that launch remains subject to regulatory approval, so Qivalis should not be described as an active regulated issuer until authorization is granted.
Why are European banks building Qivalis?
The stated purpose of Qivalis is to create European digital-money infrastructure for payments, settlement and tokenized finance. Reuters reported in May 2026 that the project had expanded to 37 financial institutions across 15 countries.

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