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.
| Product | Backing | Status | Market cap |
|---|---|---|---|
| QIVALIS-EURQIVALIS-EUR Stablecoin | Fiat Backed | Announced | — |
| Legal name | Qivalis |
| Founded | 2025 |
| Headquarters | Amsterdam, Netherlands |
| Stage | Private |
| CEO | Jan-Oliver Sell |
| Founders | Banca Sella, CaixaBank, Danske Bank, DekaBank, ING, KBC, Raiffeisen Bank International, SEB, UniCredit, BNP Paribas, DZ Bank, BBVA |
| Key investors | Banca Sella, CaixaBank, Danske Bank, DekaBank, ING, KBC, Raiffeisen Bank International, SEB, UniCredit, BNP Paribas, DZ Bank, BBVA |
| Key events | Date 2025 · Event Consortium of 12 founding European banks announced QIVALIS to develop a MiCA-compliant EUR stablecoinDate 2026-05 · Event Consortium membership grew to approximately 37 banks according to ING reporting |
| Regulatory status | Jurisdiction Netherlands · License type Electronic Money Institution authorisation under DNB supervision for MiCAR-compliant euro stablecoin issuance · Status Pending |
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.