Dutch central bank grants Qivalis e-money license for MiCA euro token
Qivalis, an Amsterdam-based consortium backed by 37 European banks, has secured an electronic money institution license from the Dutch central bank to launch a regulated euro-denominated token.
The Dutch central bank has granted an electronic money institution license to Amsterdam-based Qivalis, permitting the firm to provide onchain euro settlement infrastructure and prepare for the rollout of a euro-denominated stablecoin.[1][2][3][4]
Qivalis is backed by 37 major European banks, including BBVA, BNP Paribas, ING, and DZ Bank. To support the deployment of its onchain offering, the company has partnered with Fireblocks for digital asset infrastructure.[1][2]
The consortium plans to issue its euro-denominated electronic money token (EMT) in the coming months once it completes outstanding requirements under the European Union's Markets in Crypto-Assets (MiCA) regulation, including the publication of a white paper. The token will not be offered directly to consumers, but will instead be distributed through banks, cryptocurrency exchanges, and payment service providers.[2][3]
Key facts
- The Dutch central bank granted Qivalis an electronic money institution license under MiCA rules.
- Qivalis is an Amsterdam-based consortium backed by 37 major European banks, including BBVA, BNP Paribas, ING, and DZ Bank.
- The authorization allows Qivalis to provide onchain euro settlement infrastructure and issue a euro-denominated electronic money token.
- Token issuance is planned for the coming months, pending additional MiCA requirements such as publishing a white paper.
- The token will be distributed via banks, crypto exchanges, and payment service providers rather than directly to consumers.
- Qivalis selected Fireblocks to provide its digital asset infrastructure.
Sources · 4 sources
- CO
CoindeskArticle ·
Dutch central bank grants Qivalis e-money license for MiCA-compliant euro token Backed by BBVA, BNP Paribas, and ING, Qivalis secured Dutch regulatory authorization to offer onchain euro settlement infrastructure.
Open source - WB
Wu Blockchain@WuBlockchainPost on X ·
Qivalis, Backed by 37 European Banks, Secures Dutch Central Bank License and Plans to Issue Euro-Denominated E-Money Token in Coming Months Qivalis, backed by 37 major European banks, has announced that it has obtained an electronic money institution license from the Dutch central bank. The company plans to issue a euro-denominated electronic money token (EMT) in the coming months after fulfilling the requirements under the European Union’s Markets in Crypto-Assets Regulation (MiCA), including publishing a white paper. The token will be distributed through banks, cryptocurrency exchanges and payment service providers rather than directly to consumers. Backers include BBVA, BNP Paribas, ING and DZ Bank, while Qivalis has selected Fireblocks to provide digital asset infrastructure.
Open source - CT
Coin TelegraphArticle ·
Qivalis wins Dutch e-money license for euro stablecoin Qivalis said the Electronic Money Institution authorization enables it to launch a euro-denominated stablecoin, with issuance planned for the coming months, subject to additional MiCA requirements.
Open source - TW
The Wolf Of All Streets@scottmelkerPost on X ·
JUST IN: DUTCH CENTRAL BANK GRANTS QIVALIS ELECTRONIC MONEY INSTITUTION LICENSE UNDER MICA TO ISSUE EURO STABLECOIN
Open source