DZ Bank Joins EU Bank Stablecoin Consortium Qivalis

DZ Bank Becomes Qivalis Consortium's 11th Member

With the addition of Germany’s DZ Bank, the Qivalis stablecoin consortium now counts 11 European banks among its members. Qivalis, incorporated in the Netherlands since December, is actively seeking an electronic money issuer license from the Dutch National Bank (DNB). Its goal is to launch a MiCA-compliant stablecoin by the second half of 2026.

Expanding Reach Across Europe

At the consortium's launch, Qivalis CEO Jan-Oliver Sell highlighted that the group remains open to new bank members, but will be increasingly selective. "Each new member brings unique expertise and substantially expands our reach across the European financial ecosystem, reinforcing our position as the leading bank-backed stablecoin initiative in Europe," Sell stated. The inclusion of DZ Bank, one of Germany’s largest banking groups with established digital asset operations, further strengthens the consortium’s standing.

DZ Bank’s Digital Asset Experience

DZ Bank serves as the central institution for the Volksbanken Raiffeisenbanken cooperative financial network. The bank has demonstrated a strong commitment to digital innovation:

- **2019:** Launched DLT promissory note pilots - **2023:** Introduced digital asset custody services - **2024:** Became one of the first German banks to offer crypto services to retail clients after running successful pilot programs

Union Investment, a leading asset manager in digital assets, is also part of the DZ Bank group, further enhancing the group’s digital finance expertise.

Qivalis and MiCA Compliance

Qivalis is positioning itself as a pioneer in the European stablecoin market by adhering to the new Markets in Crypto-Assets (MiCA) regulatory framework. Securing an electronic money issuer license from the Dutch National Bank is a key step toward launching a compliant and widely accepted stablecoin.

The Growing Stablecoin Consortium

With DZ Bank’s membership, Qivalis now represents a significant coalition of European banks collaborating on digital asset innovation. The consortium’s focus on compliance, security, and broad financial integration sets it apart in the rapidly evolving landscape of digital currencies in Europe.

Looking Ahead

Qivalis aims to launch its MiCA-compliant stablecoin in the second half of 2026. As the consortium grows and regulatory clarity increases, its influence on the future of digital finance in the European Union is expected to expand significantly.