Qivalis announces appointments to its Supervisory Board at Institutional Investor Gathering in Davos

Amsterdam, Tuesday 20 January 2026 – Qivalis today announced the appointment of its Supervisory Board members during the exclusive 4th Edition of the Institutional Investor Gathering in Davos (January 19-20), where global blockchain leaders, policymakers, and innovators are convening to shape the future of finance.

The Institutional Investor Gathering in Davos brings together the leaders who are no longer observing the digital asset transition – they are executing it. Institutional adoption of digital assets accelerates across Europe and globally, transitioning from pilots to production-scale deployments. Stablecoins exhibit the steepest growth trajectory, with transaction volumes now exceeding those of legacy payment networks.

These developments underscore a broader shift: the worlds of blockchain-native finance, and traditional finance are rapidly converging. This transformation calls for a new level of governance for companies operating in this dynamic and evolving landscape. Against this backdrop, Qivalis is pleased to announce the following appointments to its Supervisory Board. The appointment of Sir Howard Davies as Chairman was previously announced, and the Supervisory Board will be further strengthened by the following members:

- David Chreng (independent Supervisory Board member)
- Marieke Flament (independent Supervisory Board member)
- Manuel Galarza (current banking consortium delegate (rotation schedule))
- Willem Hueting (current banking consortium delegate (rotation schedule))
- Christian Wolf (current banking consortium delegate (rotation schedule))

The appointments will be submitted for regulatory approval at the appropriate time.

Sir Howard Davies, Chairman of the Supervisory Board of Qivalis: “We are now building Qivalis quickly, and have assembled a Supervisory Board to oversee the work. It includes a good balance of banking and fintech experience. I am delighted that Marieke Flament and David Chreng have agreed to join us; their experience is highly relevant to the task ahead.”

For more information, not for publication:

Coco van Kempen
Email: coco.vankempen@cognitomedia.nl
Mobile: +31 (0)6 41 60 59 40

Richard Neve
Email: richard.neve@cognitomedia.com
Mobile: +31 (0)6 22 48 37 66

About the Institutional Investors Davos event

As digital assets continue to integrate with global financial markets, the Institutional Investor Gathering has emerged as a Davos platform focused on institutional-grade dialogue, emphasising regulatory clarity, risk management, and real-world adoption.

About Qivalis

Qivalis is developing a fully regulated, euro-denominated stablecoin backed by a consortium of leading European banks. Domiciled in Amsterdam and pursuing Dutch Central Bank (DNB) authorisation as an Electronic Money Institution, Qivalis aims to provide a fully compliant, 1:1-backed euro stablecoin as a cornerstone of institutional-grade on-chain payment infrastructure. By bridging traditional finance and digital innovation, Qivalis will deliver institutional-grade security, transparency, and trust to Europe's evolving digital economy. Qivalis plans to launch in the second half of 2026. Website: www.qivalis.eu

Biographies

David Chreng, independent Supervisory Board member

David Chreng is a founding partner at LeadBlock Partners and LeadBlock Bitpanda Ventures, two EU-based venture capital funds investing in blockchain and digital assets. Prior to this, David worked at Goldman Sachs, covering Commodities & Energy Equities. He is passionate about how blockchain technology can unlock new business models and reshape market dynamics. He holds a BSc in Chemistry from Imperial College London, with a focus on quantum mechanics and computational chemistry, and an MSc in Corporate Finance from EDHEC Business School.

Marieke Flament, independent Supervisory Board member

Marieke Flament is a French-born technology executive with extensive experience at the intersection of finance, blockchain, and digital innovation. She most recently served as CEO of NEAR Foundation, a leading Layer 1 blockchain protocol, and previously as CEO of Mettle by NatWest, where she led the digital bank’s strategic development. Prior to this, Marieke spent four years at Circle as Managing Director Europe and Global Chief Marketing Officer, where she pioneered consumer applications of blockchain technology and advanced policy dialogue with governments and financial regulators across Europe. Marieke currently serves as a Non-Executive Director at IG Group, a FTSE 250-listed company specialising in online trading and investment.

Manuel Galarza (CaixaBank, current banking consortium delegate)

Manuel Galarza is Head of Credit Risk Admission and Monitoring at CaixaBank and a member of the Bank's Management Committee. Previously, he held various senior responsibilities across the banking industry, including retail business, industrial portfolio, compliance, and public affairs. He has recently collaborated with European policymakers on digital regulation files, including MiCA and Digital Payments. Manuel combines operational expertise in the financial industry with strategic perspective gained through his participation on the boards of listed companies. He will bring valuable insight into large-scale banking operations, public affairs strategies, and control environment improvement.

Willem Hueting (KBC, current banking consortium delegate)

Willem Hueting is a Senior General Manager at KBC Group and an accomplished banking executive with deep expertise in digital transformation, fintech strategy, and technology‐driven operational modernisation. He has been instrumental in developing forward-looking financial solutions within highly regulated environments. Within KBC he oversees key competence centers; including Payments, Securities Services, Market Data and Data Quality; where he advances KBC’s digital infrastructure and automation capabilities. He plays a central role in shaping the Group’s fintech and AI agenda as a Board Director at Discai NV, KBC’s AI‐focused fintech entity, and contributes to industry‐wide innovation in distributed‐ledger‐based wholesale payment systems as a Director of Fnality International Ltd. His extensive international experience in sales and distribution, marketing, communications, change management, and transformation strengthens his ability to develop forward‐looking financial solutions within highly regulated environments.

Christian Wolf (RBI, current banking consortium delegate)

Christian Wolf is a senior banking executive and board adviser specialising in digital transformation, regulatory innovation and new business models. As Head of Strategic Partnerships & Ecosystems at Raiffeisen Bank International, he advises the Group Board and CEO on technology-driven business model adoption and holds operational accountability for converting initiatives into business delivery, driving tech-led transformation and the bank's crypto and digital asset strategy. He has a proven track record delivering digital transformation programmes and cross-border, multi-market initiatives, with hands-on experience across client-facing, steering and digitalisation functions, and maintains close ties to fintech ecosystems and regulators.

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