# BBVA and Santander Put Corporate Stablecoins Ahead of Tokenized Deposits

By John Kim

Canonical URL: https://www.tokenpost.com/news/business/48526
Published: 2026-11-04T13:55:39.000Z
Updated: 2026-11-04T13:55:39.000Z
Section: Business

> Francisco Maroto said stablecoins under the MiCA framework can enable round-the-clock cross-border business settlement.

Executives at BBVA and Santander are prioritizing compliant stablecoin applications for corporate clients, while tokenized bank deposits remain a medium- to long-term prospect amid regulatory uncertainty and gray areas, including cross-bank risk transmission.

At MERGE Madrid 2026, BBVA digital assets chief Francisco Maroto said stablecoins under the MiCA framework can already enable round-the-clock cross-border settlement for businesses.

BBVA is one of seven Spanish banks participating in Qivalis, a European consortium involving 37 European banks that is preparing to issue a compliant euro stablecoin.