Qivalis incorporated in Amsterdam by 10 banks to issue a MiCA euro stablecoin in H2 2026

Qivalis/Qivalis euro stablecoin

Ten European banks, BNP Paribas now among them, formally set up Qivalis in Amsterdam to issue a euro stablecoin under MiCA, aiming to launch in the second half of 2026. The company has applied to the Dutch central bank for an e-money licence and cannot issue tokens until it is granted.

• Founding banks include ING, UniCredit, CaixaBank, Danske Bank, KBC, SEB, Raiffeisen Bank International, DekaBank, Banca Sella and BNP Paribas.
• CEO Jan-Oliver Sell previously ran Coinbase Germany; CFO Floris Lugt led digital assets in ING's wholesale bank.
• Former FSA chairman Sir Howard Davies chairs the board.
• Supervisor will be De Nederlandsche Bank.