Backed by banks, built for on-chain
Qivalis is bringing the euro on-chain. We will be issuing a fully regulated, 1:1-backed euro stablecoin, anchored by a consortium of major European banks and with the Dutch Central Bank (DNB) as the supervisory authority, Qivalis is built for blockchain from the ground up: programmable, always-on, and MiCA-compliant.
Seizing the stablecoin moment
Over 95% of global stablecoin supply is currently dollar-denominated. Europe has the regulation, the institutions, and the monetary credibility to change that. Soon it will also have the infrastructure. Qivalis will be a fundamental part of that infrastructure: a euro stablecoin built on institutional foundations, open to the entire ecosystem.
How we operate
Qivalis will anchor an open digital asset ecosystem. Neutral by design and compliant by default. Our infrastructure will connect existing payment rails with emerging settlement networks, bridging the trust of traditional finance with the programmability of digital assets. Member banks can develop their own client propositions on top of the infrastructure. Regulated exchanges and liquidity providers could carry the stablecoin into markets beyond.
What we stand for
Clarity. Confidence. Compliance. They are the architecture of trust. We are planning to launch in the coming months. Finance is moving on-chain. The euro must move with it.
Qivalis will be MiCA-compliant, 1:1-backed, and supervised by the Dutch Central Bank (DNB) from day one. Compliance is not a constraint we work around - it is the condition that makes institutional trust possible. Every design decision, from reserve rules to token architecture, is taken with regulatory oversight in mind.
We are a consortium, not a competitor. Qivalis serves the ecosystem – regulated banks, brokers, exchanges – without favouring any single participant. Our rails are open to any compliant counterparty. Neutrality is our network's greatest strength.
Built on that institutional foundation, the stablecoin will be designed for institutional-scale use: cross-border settlements, programmable payments, tokenised asset transactions, and treasury operations that demand reliability at volume.
The euro is one of the world's great reserve currencies. Qivalis is building the infrastructure to make it the world's leading digital settlement currency – a stablecoin shaped by European standards, scaled for the world beyond.
Our foundation is a consortium of leading European banks. Our shareholders represent some of Europe's most trusted financial institutions, providing the foundation for secure and reliable digital financial infrastructure.
From founding to European expansion — the milestones that shaped Qivalis.
Sep 2023
Project initiated by Danske Bank, ING, KBC, and Raiffeisen Bank International
Sep 2025
9-bank consortium officially incorporated
Dec 2025
BNP Paribas joins the consortium; Qivalis brand announced
Jan 2026
DZ Bank joins the consortium; Supervisory Board appointed
Feb 2026
BBVA joins the consortium
May 2026
Consortium expands to 37 European banks
Oct 2026
Authorisation by De Nederlandsche Bank (DNB) as an electronic money institution (EMI)
Chief Executive Officer
Jan-Oliver Sell serves as CEO of Qivalis, bringing two decades of operational leadership across finance and Web3 infrastructure. He previously led Coinbase Germany's successful application for BaFin's first crypto custody license and has held leadership roles at Binance and iFunded. Earlier in his career, Jan spent 18 years in senior positions within the asset management sector in the City of London. He also served as a Venture Partner at Angel Invest Ventures, supporting the next generation of blockchain builders.
Chief Operating Officer
Marco Hinz is a seasoned entrepreneur and operations leader with over 25 years of experience scaling technology-driven businesses across payments, IT infrastructure, data processing, and cybersecurity. Most recently COO at CrossLend, a Berlin-based digital lending platform, he has founded and grown multiple fintech and IT services companies and serves on the board of the Association of German Lending Platforms (DLA).
Chief Financial Officer
Floris Lugt is CFO of Qivalis. Previously, he served as Lead Digital Assets at ING Wholesale Banking, where he spearheaded the bank’s digital asset strategy and played a leading role in the formation of the bank consortium behind Qivalis. Prior to that he held senior positions within ING’s Treasury and Financial Risk functional areas. Floris champions industry-wide collaboration to establish unified standards for digital payments and financial market infrastructure across Europe.
Chief Risk & Compliance Officer
Olga Elsenga is Chief Risk & Compliance Officer of Qivalis and has more than 20 years of experience in legal, risk, compliance and governance across fintech, banking and payments. She was previously Head of Legal at ClearBank Europe, which she joined during its build-out and authorisation phase, and led the bank's MiCA notification with the Dutch Authority for the Financial Markets (AFM). Earlier in her career, she sat on the Management Board of Global Collect Services, part of Worldline, where she was responsible for Legal, Compliance and Risk and supported licensing processes in multiple jurisdictions. Olga holds a Master of Laws from the University of Groningen and also completed the Programme for Supervisory Board Members at Erasmus University Rotterdam.
Chairman of the Supervisory Board
Former Chairman of the FSA and Deputy Governor of the Bank of England; former Chair of RBS/NatWest
Independent Supervisory Board Member
Founding Partner at LeadBlock Partners; former Goldman Sachs Commodities & Energy Equities
Independent Supervisory Board Member
Former CEO of NEAR Foundation and Mettle by NatWest; Non-Executive Director at IG Group (FTSE100)
Delegate of the Bank Consortium (Rotating Appointment)
Chief Lending Officer at CaixaBank. Has been member of listed companies’ boards and led advocacy files in the EU digital regulation
Delegate of the Bank Consortium (Rotating Appointment)
Senior General Manager at KBC Group (Payments & Securities); Director at Discai NV and Fnality International
Delegate of the Bank Consortium (Rotating Appointment)
Head of Emerging Technologies & Business Models at Raiffeisen Bank International; leads the group's technology driven business transformation
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