Qivalis wins Dutch approval for euro settlement infrastructure

Qivalis has secured an e-money license from the Dutch central bank, clearing the way for the company to offer onchain euro settlement infrastructure under the European Union’s Markets in Crypto-Assets framework, known as MiCA.

The authorization places Qivalis within the regulated e-money sector as financial institutions continue to assess how blockchain networks could be used for payments and settlement. The company is backed by BBVA, BNP Paribas and ING, giving the project links to three established banking groups.

A regulated route for euro settlement

Qivalis is focused on a euro-denominated token and the infrastructure supporting its use onchain. In practical terms, that points to a model in which euro value can be represented and transferred through blockchain-based systems while operating within a formal regulatory framework.

MiCA is the EU’s principal regulatory framework for crypto-assets. A license tied to the framework is therefore significant for firms seeking to develop digital-asset products for European users, although the authorization itself does not indicate how widely Qivalis’s infrastructure will be adopted.

Why the banking backing matters

The participation of BBVA, BNP Paribas and ING connects Qivalis’s project to banks that operate across traditional financial markets. Their backing highlights the continued interest among established institutions in blockchain-based settlement tools, particularly those linked to fiat currencies rather than more volatile crypto-assets.

For the broader digital-asset market, the development reflects a shift from unregulated experimentation toward infrastructure that is designed to meet licensing requirements. It also adds to the growing range of projects seeking to bring tokenized forms of money into regulated financial channels.

The license represents regulatory authorization to provide the stated infrastructure. Further details about the token’s launch, availability, supported networks and intended users were not provided.

Source: Coindesk