Qivalis Stablecoin Consortium Reaches 37 Banks Across 15 States
Key points
- The Netherlands-based Qivalis consortium has added 25 banks fewer than eight months after unveiling its stablecoin project, lifting membership to 37 institutions across 15 states.
- Additions span Spain (seven lenders), the Nordics and Western Europe, with nearly one-fifth of members outside the Eurozone including Iceland, Poland, Sweden and Denmark.
- Qivalis targets a second-half 2026 launch conditional on De Nederlandsche Bank approval as an Electronic Money Institution.
- The E-Money regulatory pathway is proving more navigable than the still-uncertain treatment of tokenised deposits, shaping build-versus-collaborate decisions across wholesale digital-money initiatives.
The Netherlands-based Qivalis consortium has recruited 25 additional banks fewer than eight months after unveiling its stablecoin project, lifting its membership to 37 institutions. The additions span Spain (seven lenders), the Nordics, and Western Europe, with limited Eastern European representation beyond Poland’s Bank Pekao and Raiffeisen Bank International’s regional footprint. Nearly one-fifth of the consortium sits outside the Eurozone, including participants from Iceland, Poland, Sweden, and Denmark.
Qivalis is targeting a second-half 2026 launch conditional on approval from De Nederlandsche Bank as an Electronic Money Institution. The regulatory pathway for a stablecoin under the E-Money framework is proving more navigable than the still-uncertain treatment of tokenised deposits, a dynamic that continues to shape build-versus-collaborate decisions across wholesale digital-money initiatives.
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