The Qivalis stablecoin consortium has expanded to 11 European banks with the addition of DZ Bank, further strengthening its position as a leading bank-backed initiative. Incorporated in the Netherlands, Qivalis is currently pursuing an electronic money institution license from the Dutch National Bank (DNB) to issue a MiCA-compliant euro stablecoin, targeted for launch in the second half of 2026. CEO Jan-Oliver Sell indicated that while additional members may join, the consortium is taking a selective approach in its early phase to ensure strategic alignment and institutional quality.

DZ Bank’s entry adds significant depth, given its established footprint in digital assets and its central role within Germany’s cooperative banking network. The bank has been active in this space for several years, including early pilots in digital securities, the launch of custody services, and retail crypto offerings. Its broader ecosystem includes Union Investment, which has also been an early mover in digital asset adoption. Beyond stablecoins, DZ Bank is involved in parallel initiatives such as tokenized deposit projects, reflecting a broader institutional push toward digitized financial infrastructure.

The Qivalis stablecoin is designed for a wide range of use cases, including 24/7 payments, cross-border transactions, programmable payments, and settlement of digital asset transactions. The consortium now includes major European banks such as BNP Paribas, ING, and UniCredit, among others, highlighting its ambition to establish a pan-European, bank-driven alternative in the evolving digital payments landscape.