Also known as Qivalis B.V.
Qivalis B.V. is an Amsterdam-based company backed by 37 European banks in 15 countries that plans to issue a regulated euro-denominated stablecoin. It was founded in September 2025 and says it operates independently, with a supervisory board chaired by Howard Davies.
On October 14, 2026 Qivalis said De Nederlandsche Bank authorised it as an electronic money institution, making it eligible to issue euro-denominated electronic money tokens under the EU’s MiCA rules. It plans to start issuance within months, after publishing a white paper, and to distribute the token through banks, exchanges, payment companies and market-infrastructure firms. The consortium grew from 12 to 37 member banks in May 2026.
Qivalis, an Amsterdam company backed by 37 European banks in 15 countries, said on October 14 that De Nederlandsche Bank, the Dutch central bank, authorised it as an electronic money institution. That makes it eligible to issue a euro-denominated stablecoin, which it plans to start within the next few months once it meets the EU's crypto-asset rules and publishes a required white paper.