Rabobank has joined forces with Qivalis, a European banking consortium established to develop a regulated, euro-denominated stablecoin for on-chain payments and settlements.
With the addition of 25 new member banks, the Qivalis consortium now comprises 37 financial institutions across 15 European countries. This development reflects a broad commitment within the European banking sector to advance secure and scalable digital financial infrastructure.
Qivalis aims to introduce a euro-denominated stablecoin that is fully backed on a 1:1 basis with fiat currency and designed in line with the European Markets in Crypto-Assets Regulation (MiCA), under the planned supervision of De Nederlandsche Bank.
The initiative is intended to support applications such as on-chain payments and settlements, including immediate settlement, and to enable the use of programmable payment functionality.
Rabobank is committed to contributing to a robust and future-proof European financial system. Rabobank’s participation in Qivalis reflects the importance it attaches to collaboration within the European banking sector to support the development of transparent, secure and well-regulated digital financial solutions. Rabobank believes initiatives such as Qivalis can play a meaningful role in strengthening the euro’s position in the evolving digital landscape.
Qivalis is currently pursuing authorisation as an Electronic Money Institution and is preparing for a potential market launch in the second half of 2026.
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