Germany’s DZ Bank has joined Qivalis, a group of leading European banks to create a MiCAR-compliant euro stablecoin under the supervision of the Dutch Central Bank (DNB).
With this move DZ Bank became the eleventh member of the Qivalis consortium. Other members include major banks like BNP Paribas, ING, UniCredit, CaixaBank, Raiffeisen Bank International, SEB, DekaBank, Banca Sella, Danske Bank, and KBC.
Together, these banks plan to build a safe, regulated, and trustworthy digital financial system in Europe.
DZ Bank is the main bank of the Volksbanken Raiffeisenbanken cooperative network and is one of Germany’s largest private-sector banks. The bank is known for being innovative in digital finance.
It started DLT promissory note trials in 2019 launched digital asset custody services in 2023 and offered crypto services for retail clients in 2024. With this experience DZ Bank brings valuable knowledge and credibility to the Qivalis project.
Qivalis and Its Euro Stablecoin Mission
Qivalis, a company based in the Netherlands was started in December and is working to get permission from the Dutch Central Bank DNB to operate as an Electronic Money Institution EMI. Once approved the group plans to launch a MiCAR-compliant euro stablecoin in 2026.
This stablecoin will make European payments faster, cheaper and available 24/7. It will also support cross-border transfers, programmable payments and tokenized assets.
The consortium focuses on following regulations, being transparent and acting responsibly. Each new member including DZ Bank brings special skills and experience helping Qivalis grow its operations and reach more people and businesses in Europe. Together they aim to create a bank-backed trusted euro stablecoin that serves both individuals and companies efficiently.
Why DZ Bank’s Participation
DZ Bank joining Qivalis boosts the consortium’s trust and strength. As part of a large cooperative network with experience in digital assets, the bank brings knowledge, stability, and innovation.
Its involvement supports Qivalis’ regulatory and technological work and helps improve cross-border payments, tokenized assets, and crypto solutions.
The launch of a euro-backed stablecoin is an important step for Europe’s digital finance. It will offer fast, low-cost payments and easier access to digital financial services.
By bringing together trusted banks, Qivalis ensures the stablecoin is secure and regulated. The consortium is open to new members, but they will be carefully chosen. DZ Bank’s participation sets a strong example and supports a bank-led, safe digital finance system in Europe.
