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Banco de Sabadell S A : Sabadell joins Qivalis, a European banking consortium that will launch a new euro-linked stablecoin
Banco de Sabadell S A : Sabadell joins Qivalis, a European banking consortium that will launch a new euro-linked
About this update from Banco De Sabadell Sa
[{"type":"text","content":" The first issuance, planned for the second half of 2026, will support the future development of new payment services that are faster, cheaper and more secure Elena Carrera, Chief Operations & Technology Officer at Banco Sabadell, notes: \"Qivalis represents an excellent business opportunity and will help us continue deepening our understanding of blockchain technology, which has enormous transformative potential. Participating in Qivalis will enable us to implement future stablecoin use cases that will benefit both our retail and business customers\" The company will be supervised by the Dutch central bank, and its digital currency will comply with the requirements of the EU's Markets in Crypto-Assets Regulation (MiCA)20 May 2026 Banco Sabadell has joined Qivalis, a consortium of major European financial institutions established at the end of last year to launch a euro-linked stablecoin within a regulated and supervised EU framework. The e-money token, whose first issuance is planned for the second half of 2026, will enable banks to develop, in the future, new payment services that are faster, cheaper and more secure through blockchain technology, while also introducing new clearing and settlement functionalities for digital assets. Elena Carrera, Chief Operations & Technology Officer at Banco Sabadell, notes: \"Banco Sabadell has been monitoring and evaluating potential opportunities in the digital assets space for some time. Qivalis represents an excellent business opportunity and will help us continue deepening our understanding of blockchain technology, which has enormous transformative potential.\" \"Participating in Qivalis will enable us to implement future stablecoin use cases that will benefit both our retail and business customers,\" Carrera points out. Qivalis expects to receive authorisation from the central bank of the Netherlands shortly to operate as an e-money institution. Once all regulatory and technological developments have been completed, the consortium plans to begin issuing its stablecoin in the second half of this year (an e-money token designed to maintain a stable value and avoid the volatility associated with other crypto-assets). It will be fully backed by euro reserves (in a 1:1 ratio), as well as fully aligned with the Markets in Crypto-Assets Regulation (MiCA) of the European Union. Among ...