Qivalis bank consortium picks Fireblocks to power its MiCAR-compliant euro stablecoin

Fireblocks/Fireblocks Network for Payments

Qivalis, the Amsterdam venture of twelve European banks, chose Fireblocks for the tokenization engine, treasury tools and compliance infrastructure behind its planned euro stablecoin. Launch is targeted for the second half of 2026, subject to an e-money licence from the Dutch central bank.

• Banks: Banca Sella, BBVA, BNP Paribas, CaixaBank, Danske Bank, DekaBank, DZ BANK, ING, KBC, Raiffeisen Bank International, SEB and UniCredit.
• Fireblocks supplies issuance, distribution and lifecycle management, using its ERC-20F token standard.
• Context: of a $305B stablecoin market in January 2026, about 99% was dollar-denominated.