Qivalis, a consortium of 12 major European banks, is in advanced talks with crypto exchanges and market makers ahead of a euro stablecoin launch in the second half of 2026, aiming to build a regulated EU alternative to dollar-backed tokens.
As of March 2026, the EU MiCA framework has authorized 174 crypto-asset service providers (CASPs), yet only 14 are permitted to operate a centralized exchange. Analysis reveals Germany leads with 51 registrations (mostly traditional banks), while Malta and Cyprus host major exchange operators.
Despite 174 MiCA authorizations across the EU, only 14 entities are licensed to operate a centralized crypto exchange. This article breaks down service code distribution, jurisdictional clustering, and strategic lessons for founders navigating the MiCA landscape.
DZ Bank has secured BaFin MiCAR approval for its 'meinkrypto' platform, enabling cooperative banks to offer BTC, ETH, LTC, and ADA trading. Custody by Boerse Stuttgart Digital and execution by EUWAX AG. Each cooperative bank must file its own MiCAR notification before retail rollout.
DZ BANK obtained BaFin MiCAR approval for its crypto platform 'meinkrypto', enabling cooperative banks to offer BTC, ETH, LTC, ADA trading via VR Banking App. Custody by Boerse Stuttgart Digital, execution by EUWAX AG. Retail access pending local bank notifications.
Banco Sabadell has confirmed it will join Qivalis, a European banking consortium developing a regulated euro-pegged stablecoin. Bankinter is also in advanced talks, highlighting growing momentum to build euro-denominated onchain liquidity under MiCA.
Banco Sabadell and Bankinter join Qivalis, a European banking consortium developing a regulated euro stablecoin. With 12 member banks, the initiative targets the vast gap between euro and dollar stablecoin liquidity, positioning itself as a MiCA-compliant alternative.
Banco Sabadell announced joining Qivalis, a European banking consortium developing a regulated euro-pegged stablecoin. Bankinter is in advanced talks. The consortium aims to close the liquidity gap between euro and dollar stablecoins, targeting European financial sovereignty.
