Qivalis receives Dutch e-money license for euro token, with issuance planned after MiCA steps

Qivalis, a venture backed by 37 European banks, has received an electronic money institution license from the Dutch central bank for its planned euro-denominated token. Its backers include BBVA, BNP Paribas, ING and DZ Bank ^{[1] [2] [3]}.

Qivalis plans to issue the token in the coming months, after completing remaining requirements under the EU’s Markets in Crypto-Assets Regulation, including publishing a white paper. It expects distribution through banks, crypto exchanges and payment service providers rather than directly to consumers ^{[1] [4]}.