# Qivalis Advances Euro Stablecoin Plans for Cross-Border Trade Finance

By John Kim

Canonical URL: https://www.tokenpost.com/news/business/23810
Published: 2026-09-24T15:52:35.000Z
Updated: 2026-09-24T15:52:35.000Z

Qivalis is developing a euro-denominated stablecoin that could shorten trade-finance collateral cycles from days to minutes, while its application for Dutch regulatory authorization remains pending.

Qivalis CEO Jan-Oliver Sell said trade-finance funds are increasingly considering stablecoins for supply-chain transactions. He said stablecoins could allow collateral and payments to move across borders without repeated conversion into fiat currency.

Sell described a possible transaction involving a supplier in East Africa and a buyer in Kazakhstan, with the parties using stablecoins without converting them back into fiat currency. He also said stablecoin liquidity could provide the payment function needed alongside digital settlement and transferable collateral.

The planned token would be fully backed 1:1 by euro fiat currency, Qivalis says. Its intended uses include cross-border payments, programmable payments, supply-chain management and digital-asset settlement.

Qivalis was announced in Dec. 2025 as an Amsterdam-based venture formed by European banks to develop a stablecoin compliant with the European Union’s Markets in Crypto-Assets (MiCA) framework. The consortium initially included 10 banks, including BNP Paribas.

The group expanded to 37 financial institutions across 15 European countries on May 20, 2026, after 25 new banks joined. Qivalis has applied to De Nederlandsche Bank, the Netherlands’ central bank and financial supervisor, for authorization as an Electronic Money Institution.

The application was pending, and Qivalis was not authorized to issue electronic money or provide payment services to the public as of Aug. 28, 2026. The venture has targeted a launch in the second half of 2026.

Stablecoin cross-border flows reached $220.3 billion, with use cases varying by region. Qivalis’s proposal would place a euro-denominated token within that broader payments and settlement market.

Sell said Qivalis expects a financial system in which multiple stablecoins support cross-border flows. The project’s next concrete step is obtaining the Dutch authorization required before its planned launch.

## Links in this article

- [Stablecoin cross-border flows reached $220.3 billion, with use cases varying by region](https://www.tokenpost.com/news/business/23299)