Qivalis received formal permission from De Nederlandsche Bank to function as an electronic money institution, a prerequisite for issuing its planned euro‑denominated digital token.
The proposed token, intended to represent the euro on a blockchain, has not entered circulation, and its launch will depend on subsequent regulatory and operational steps.
A consortium of thirty‑seven banks has pledged support for the token issuer, indicating significant institutional interest in a regulated euro stablecoin framework.
The authorization aligns Qivalis with European e‑money regulations, potentially simplifying compliance for future token users and partners who require a licensed intermediary.
Market participants will likely monitor the timeline for the token’s issuance and any further guidance from Dutch or EU regulators, as well as the onboarding of the backing banks.
This story was compiled by the Tradexus News Desk with the help of AI.
