Qivalis

Banca Sella has become the first Italian bank licensed under the EU's MiCA regulation to offer Bitcoin and crypto services, including custody and transfer for corporate/institutional clients. The bank participated in a DLT pilot program and is part of Qivalis, a consortium developing a MiCA-compliant euro stablecoin.

37 banks have announced their support for Qivalis, a euro-denominated stablecoin project, ahead of its planned launch before 2026. This represents significant institutional backing for the cryptocurrency initiative in the eurozone.

Qivalis has expanded its euro stablecoin consortium to include 37 banks, adding 25 European institutions to the group, which now includes Luxembourg's state-owned Spuerkeess. This expansion increases the consortium's reach and potential impact on the financial sector. The growth of the consortium may lead to increased adoption of euro stablecoins.

Qivalis has added 25 new banks to its euro stablecoin project, expanding to 37 banks across 15 countries ahead of a planned launch in the second half of 2026. The expansion boosts Qivalis' plans for its euro stablecoin. This growth indicates significant interest and support for the project.

A 12-bank European consortium led by Qivalis is collaborating with Fireblocks to develop a MiCA-compliant euro stablecoin, aiming for a 2026 launch. The project aligns with EU regulations to create a regulated digital euro asset.