Qivalis Receives License to Advance the Issuance of Euro Electronic Money Tokens
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On October 14, 2026, De Nederlandsche Bank granted an electronic money institution license to Qivalis, which is backed by 37 European banks, bringing it closer to issuing euro-denominated electronic money tokens. Earlier reports said that Qivalis still needed to publish a white paper and meet other requirements under the Markets in Crypto-Assets Regulation (MiCA); subsequent reports said that the company had met the main regulatory conditions for issuing euro-denominated electronic money tokens. Qivalis plans to adopt a full-reserve model and conduct B2B distribution to institutional financial market participants. Earlier reports said it intended to distribute through banks, cryptocurrency exchanges, and payment service providers; subsequent reports said its partners would also include financial exchanges and market infrastructure operators. Under MiCA, electronic money tokens can be redeemed at par value at any time and must not pay interest.
AI-written from reports · updated 4 days ago
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- PYMNTSQivalis receives authorization from the Dutch central bank to advance the issuance of euro-denominated electronic money tokens
The euro stablecoin project Qivalis has received authorization from the Dutch central bank DNB, becoming an electronic money institution and meeting the main regulatory conditions for issuing euro-denominated electronic money tokens (EMTs). Qivalis plans to adopt a full-reserve model targeting institutional financial market participants, with B2B distribution through partners including commercial banks, financial exchanges, payment service providers and market infrastructure operators.
- CoinDeskSelectedDutch central bank grants Qivalis an electronic money institution license
The Dutch central bank has granted Qivalis, backed by 37 European banks, an electronic money institution license, bringing it closer to issuing euro-denominated electronic money tokens. Qivalis still needs to publish a white paper and meet other MiCA requirements, and plans to distribute the tokens through banks, cryptocurrency exchanges and payment service providers in the coming months. Under MiCA, holders of electronic money tokens can redeem them at par at any time, and the tokens may not pay interest.
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