Qivalis
Qivalis B.V. is an Amsterdam-based consortium of 37 European banks developing a MiCA-compliant, euro-pegged stablecoin for institutional cross-border B2B payments, FX settlement, and tokenized assets, with target launch in H2 2026.
- Company typePrivate
- Founded2025
- HeadquartersAmsterdam, Netherlands
- Headcount11–50
- GTM typeB2B
- OfferingSoftware
What Qivalis does
Qivalis B.V. is an Amsterdam-based fintech consortium developing a MiCA-compliant, euro-pegged stablecoin for institutional cross-border payments and settlements. Founded in late 2025, the consortium has grown from 10 founding European banks to 37 member institutions across 15 countries, including ING, UniCredit, BNP Paribas, BBVA, CaixaBank, Banca Sella, Danske Bank, DekaBank, KBC, Raiffeisen Bank International, SEB, ABN AMRO, Rabobank, Nordea, and Intesa Sanpaolo. The company is applying for an Electronic Money Institution license from the Dutch Central Bank (DNB), with target launch in H2 2026.
The core product is a 1:1 euro-backed stablecoin with at least 40% reserves in bank deposits and the remainder in high-rated short-term eurozone government bonds, held by regulated custodians. Technology infrastructure is provided by Fireblocks (tokenization, wallet, and custody), with Chainlink's decentralized oracle network enabling atomic Payment-versus-Payment settlement for FX markets. The platform integrates ISO 20022 messaging standards and SWIFT infrastructure for cross-border connectivity, and through Project Pangea extends into a shared settlement layer with 10+ South Korean banks for the $150 billion Europe-Korea trade corridor. The smart contract architecture is described as verified with security measures, though no token has been issued yet.
Qivalis's business model centers on transaction fees from cross-border B2B payments, tokenized asset settlement, treasury management, and supply chain finance, with revenue expected to begin after stablecoin launch in H2 2026. Distribution is entirely channel-based: the 37 consortium member banks act as primary distributors to their combined corporate and institutional client bases across Europe, with secondary distribution pursued through crypto exchanges and liquidity providers. Pricing has not been publicly disclosed; the company is pre-revenue and has not yet issued any tokens.
Qivalis firmographics
Firmographics- Name
- Qivalis
- Legal name
- Qivalis B.V.
- Website
- https://qivalis.eu
- Company type
- Private
- Founded year
- 2025
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- Qivalis B.V. is an Amsterdam-based consortium of 37 European banks developing a MiCA-compliant, euro-pegged stablecoin for institutional cross-border B2B payments, FX settlement, and tokenized assets, with target launch in H2 2026.
- Ownership category
- akta.pro rank
Qivalis industry classification
Industry- Product category
- Stablecoin Payment Infrastructure
- NAICS
- Financial Transactions Processing, Reserve, and Clearinghouse Activities (522320)
- SIC
- Finance Services (6199), Security & Commodity Brokers, Dealers, Exchanges & Services (6200)
- akta.pro primary industry
- Stablecoin Issuers (Fiat-Backed) (FSADADAA)
- akta.pro secondary industries
- Stablecoins & On-Chain Money (fiat-backed, crypto-backed, algorithmic; issuance/redemption) (FSAPAEAB), Crypto Payments & Stablecoin Settlement Platforms (BPAMAFAL), Mint/Redeem, Issuance APIs & Treasury Operations Platforms (FSADADAE)
Keywords
Where Qivalis is headquartered
LocationHeadquarters
- HQ city
- Amsterdam
- HQ country
- Netherlands
- HQ region
- Europe
Offices1 record
Markets served
Qivalis business model
Business model- GTM type
- B2B
- Offering type
- Software
- Cost components
- Technology or R&D, Personnel, Operations, Marketing or Sales, Others
Revenue model
- Stablecoin Transaction Fees: Revenue generated from transaction fees on cross-border payments and settlements using the euro stablecoin for B2B payments and global trade settlement.
- Digital Asset Settlement Services: Revenue from enabling settlement of tokenized assets and programmable payments across the stablecoin infrastructure.
- Treasury Management Services: Enterprise applications targeting treasury management and supply chain finance for institutional clients.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Other | Pay-as-you-go | Enterprise institutional pricing (to be announced) |
Go-to-market motion3 records
Distribution channels3 records
Marketing channels3 records
Qivalis product offering
Product offeringCore offering
Qivalis is developing a MiCA-compliant, 1:1 euro-pegged stablecoin as its core product, designed for cross-border B2B payments, FX settlement, and tokenized asset infrastructure. The stablecoin is backed by reserves in euros and high-quality liquid assets held by regulated custodians, supervised by the Dutch Central Bank under an applied Electronic Money Institution license, and distributed through a consortium of 37 European banks.
Product overview
Qivalis operates as a consortium-led euro stablecoin initiative powered by Europe's leading banks. The core product is a MiCA-compliant, 1:1-backed euro-pegged stablecoin designed to enable secure digital finance across payments, settlements, and digital assets. The consortium has grown from an initial 10 founding banks in December 2025 to 37+ banks across 15 European countries, with Fireblocks providing tokenization infrastructure. The stablecoin is designed for full reserve backing with at least 40% in bank deposits and remainder in high-quality short-term eurozone government bonds, offering 24/7 redemption capabilities for cross-border B2B payments and tokenized asset settlement.
Differentiator
Problem solved
Functional benefit
Products and services
- Qivalis Euro Stablecoin A 1:1 euro-pegged stablecoin fully backed by reserves held in euros and high-quality liquid assets, designed as a cornerstone of future digital asset infrastructure enabling payments, settlement, and tokenized assets. The stablecoin is MiCA-compliant, supervised by the Dutch Central Bank, and offers 24/7 redemption capabilities for cross-border B2B payments, FX settlement, treasury management, and tokenized asset settlement, distributed through a consortium of 37 European banks.
Quantifiable outcome
- S&P projects euro stablecoin issuance could reach $1.3 trillion by 2030
- +3 more outcomes
Companies that use Qivalis
Customer profileNamed customers14 records
Segments4 records
Ideal customer profiles3 records
Qivalis technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Integration4 records
Feature4 records
Qivalis partnerships and signals
Strategic signalPartnerships
Five partnerships are on record, tiered core and supporting.
- FireblockscoreFireblocks provides tokenization technology, wallet infrastructure, and custody services for Qivalis's euro stablecoin initiative under MiCAR regulatory framework. Selected as the infrastructure provider in March 2026.
- ChainlinkcoreChainlink joined Project Pangea coalition with Qivalis and UniKA to enable near-real-time EUR-to-KRW FX settlement using regulated stablecoins. The decentralized oracle network provides Payment-versus-Payment mechanism for atomic stablecoin swaps.
- UniKA (Unified Korea Alliance)coreUniKA is a Korean banking alliance coordinating Korean members including Shinhan Bank, JB Bank, Kbank, FairSquareLab, and OBDIA alongside 10 additional commercial banks for cross-border FX settlement through Project Pangea.
- FairSquareLabcoreSouth Korean digital asset infrastructure company providing onchain FX settlement technology for Project Pangea's atomic Payment-versus-Payment swaps of compliant stablecoins.
- SWIFTsupportingProject Pangea utilizes existing Swift infrastructure alongside ISO 20022 messaging standards for cross-border payment connectivity.
Scale indicators7 records
Recent moves8 records
Expansion highlights6 records
Qivalis competitors and assessment
Company assessmentDirect peers
- Tether: Issuer of USDT, the largest stablecoin globally with ~$186B market cap. Comparable fiat-backed stablecoin product, though with materially different regulatory positioning.
- MakerDAO: Decentralized protocol issuing the DAI stablecoin. Comparable as a euro-pegged alternative (via sDAI or similar) competing for European DeFi and institutional use cases.
- Circle: Issuer of USDC, the second-largest regulated stablecoin globally. Comparable business model as a fiat-backed stablecoin issuer with strong regulatory positioning (US-focused) and MiCA compliance efforts in Europe.
- Société Générale-Forge (EURCV): Major European bank issuing a regulated euro stablecoin (EURCV) on public blockchains for institutional clients. Direct competitor in the regulated euro stablecoin space with established operations.
- Paxos: Regulated stablecoin issuer (USDP, PayPal USD) and tokenization infrastructure provider with strong regulatory positioning in US markets. Comparable in regulated stablecoin issuance and enterprise focus.
- Fnality International: Bank consortium-led regulated settlement stablecoin (initially focused on the pound) with similar multi-bank governance and wholesale payment focus. Closest comparable in business model and target use case.
Broad incumbents
- Stripe (Bridge acquisition): Major payments company that acquired Bridge to expand stablecoin infrastructure for merchants. Comparable as adjacent infrastructure enabling stablecoin-based payments and settlement.
- PayPal (PYUSD): Major fintech's regulated US dollar stablecoin issued by Paxos. Comparable as a regulated stablecoin, though distributed through retail/merchant channels rather than banking consortium.
Market position
Strengths5 records
Weaknesses4 records
Competitive moat6 records
Key risks6 records
Key highlights7 records
Customer concentration
Qivalis social profiles
Digital presenceQivalis compliance and trust
Trust signalCompliance2 records
Qivalis financial estimates
Financial estimateRevenue estimate
Valuation estimate
Qivalis leadership team
Management profileNumber of profiles
Profiles8 records
Qivalis funding detail
Funding detailFunding overview
Funding rounds1 record
Investors36 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Qivalis M&A and investment
M&A and investmentM&A
Investments1 record
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Qivalis
What does Qivalis do?
Qivalis is developing a MiCA-compliant, 1:1 euro-pegged stablecoin as its core product, designed for cross-border B2B payments, FX settlement, and tokenized asset infrastructure. The stablecoin is backed by reserves in euros and high-quality liquid assets held by regulated custodians, supervised by the Dutch Central Bank under an applied Electronic Money Institution license, and distributed through a consortium of 37 European banks.
Is Qivalis a public or private company?
Qivalis is a private company. It is classified as corporate owned and is currently operating.
When was Qivalis founded?
Qivalis was founded in 2025. It employs 11 to 50 people.
Where is Qivalis based?
Qivalis is headquartered in Amsterdam, Netherlands, in the Europe region.
How does Qivalis make money?
Three revenue lines are on record. Stablecoin Transaction Fees are the primary driver. The others are digital Asset Settlement Services and treasury Management Services.
Who are Qivalis's main competitors?
Direct peers on record are Tether, MakerDAO, Circle, Société Générale-Forge (EURCV), Paxos and Fnality International. Broad incumbents are Stripe (Bridge acquisition) and PayPal (PYUSD).
Does Qivalis have an API?
No public API is recorded for Qivalis.
What industry is Qivalis in?
Qivalis's product category is Stablecoin Payment Infrastructure. Its primary akta.pro industry code is FSADADAA, Stablecoin Issuers (Fiat-Backed), with a secondary code of FSAPAEAB, Stablecoins & On-Chain Money (fiat-backed, crypto-backed, algorithmic; issuance/redemption). Its NAICS code is 522320 and its SIC code is 6199.