Qivalis More Than Triples in Size as 25 New Banks Join the Consortium — Accelerating Institutional Shift Towards a Fully Regulated Euro Stablecoin

Amsterdam, May 20th, 2026 – Qivalis, the European Bank Consortium established to issue a regulated, euro-denominated stablecoin, welcomes 25 new member banks to its consortium today. This major expansion brings the consortium’s total membership to now 37 financial institutions and extends Qivalis’ footprint to 15 European countries, creating a truly pan-European network capable of supporting euro-based on-chain payments and settlements at scale, anchored by a stablecoin fully backed on a 1:1 basis with the euro fiat currency.

The new member banks are ABANCA, ABN AMRO, AIB, Banco Sabadell, Bank of Ireland, Bank Pekao S.A., Bankinter, Banque et Caisse d’Épargne de l’État (Spuerkeess), Banque Fédérative du Crédit Mutuel, BPER, Cecabank, Erste Group, Groupe BPCE, Handelsbanken, Helaba, Intesa Sanpaolo, Jyske Bank, Kutxabank, Landsbankinn, National Bank of Greece, Nordea, OP Pohjola, Piraeus, Rabobank, and Swedbank. These institutions join existing consortium members Banca Sella, BBVA, BNP Paribas, CaixaBank, Danske Bank, DekaBank, DZ BANK, ING, KBC, Raiffeisen Bank International, SEB, and UniCredit in their mission to establish a thriving on-chain ecosystem that positions the euro stablecoin as a global benchmark for digital finance. The growth significantly reinforces the collective effort to establish a MiCA-compliant, euro-denominated stablecoin under the supervision of De Nederlandsche Bank (DNB).

“We are thrilled to welcome 25 new partners to the Qivalis consortium,” said Jan-Oliver Sell, CEO of Qivalis. “This expansion marks a giant leap toward an open and compliant on-chain ecosystem for the euro and shows that the majority of European institutions have already prioritised euro-native on-chain settlement in their digital asset journey. The euro is Europe’s currency, and on-chain financial infrastructure should carry it - built by European institutions and governed by European rules.”

Qivalis plans to deliver an on-chain native payment and settlement solution, denominated in euro, across several domains, unlocking the benefits of blockchain technology for companies and consumers in Europe and beyond. Corporate treasuries will be able to gain round-the-clock liquidity movement with immediate settlement. Tokenised assets - such as bonds, receivables, and real estate - will be able to settle atomically, reducing counterparty risk in a single step. European exporters will be able to use euro-denominated stablecoins directly, instead of relying on other currency-correspondent networks, reducing both cost and latency through direct on-chain settlement. And smart-contract functionality will enable programmable payments, limiting manual reconciliation.

“This infrastructure is essential if Europe is to compete in the global digital economy whilst preserving its strategic autonomy,” adds Sir Howard Davies, Chairman of the Supervisory Board of Qivalis. “We are not merely building payment rails; we are ensuring that European principles - around data protection, financial stability and regulatory rigour - are embedded into the next generation of digital money. Efficiency in financial infrastructure is, ultimately, a matter of sovereignty. The euro’s role in the eurozone’s monetary system will increasingly depend on whether it is present - as the primary settlement currency - on the rails where global value moves.”

Domiciled in Amsterdam and founded in September 2025, Qivalis is currently pursuing authorisation from the DNB as an Electronic Money Institution. With only 0.2% percent of global stablecoin circulation currently euro-denominated, European businesses face a structural dependency that Qivalis is designed to solve. By developing a fully MiCA-compliant, euro-denominated stablecoin, the company seeks to enable the European finance sector to reclaim its digital infrastructure and build the future of European payments and settlements. Qivalis continues to engage constructively with regulatory authorities whilst advancing operational readiness and technical development in preparation for an anticipated market launch in the second half of 2026.