Overview
- BNP Paribas was confirmed as the tenth partner alongside ING, UniCredit, CaixaBank and others in the Amsterdam-based consortium.
- Qivalis appointed Jan-Oliver Sell as CEO, Floris Lugt as CFO and Howard Davies as chair as it builds out governance.
- The company has applied for an Electronic Money Institution license with the Dutch central bank and is targeting an H2 2026 launch, subject to approval.
- Qivalis is hiring toward a 45–50 person team and says the token will enable near-instant, low-cost settlement, with initial use in crypto trading.
- Euro stablecoins total roughly $670 million versus about $300 billion for dollar-pegged tokens, highlighting both the market gap and ongoing ECB scrutiny.