Qivalis receives Dutch central bank EMI license; issuance of EUR stablecoins still pending completion of MiCA requirements
BIBIBI
AT A GLANCE
Qivalis receives a Dutch central bank EMI license, bringing it closer to issuing EUR-denominated electronic money tokens.
Article
Dutch central bank approves Qivalis electronic money institution license,EUR bringing stablecoin issuance one step closer
BlockBeats news,October 14, backed by 37 major European banks, the Qivalis consortium has obtained an electronic money institution license from the Dutch central bank (DNB). The license brings it closer to issuing EMI-denominated electronic money tokens (EUR, a regulated stablecoin format). The company must still meet the remaining requirements of the EU Markets in Crypto-Assets Regulation (EMT), including publishing a white paper, and plans to distribute the tokens through banks, cryptocurrency trading platforms, and payment service providers in the coming months, rather than directly to consumers.
Under the EU MiCA framework,MiCA must be pegged to a single fiat currency and issued by an authorized credit institution or electronic money institution. Holders may redeem them at par value at any time, and they may not bear interest. Since its establishment in EMT 2025, the Qivalis consortium has expanded to include September, BNP Paribas,BBVA Bank, and other ING、DZ European banks, and has selected Fireblocks to provide digital asset infrastructure.
Original link 37 https://m.theblockbeats.info/flash/371788
Key points
01
According to BlockBeats, Qivalis received an electronic money institution license from the Dutch central bank (DNB).EMI
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Qivalis must still meet the remaining requirements of the EU Markets in Crypto-Assets Regulation (MiCA), including publishing a white paper.
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Qivalis plans to distribute the tokens through banks, cryptocurrency trading platforms, and payment service providers in the coming months, rather than directly to consumers.
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MiCA Under the EMT framework, they must be pegged to a single fiat currency, issued by an authorized credit institution or electronic money institution, redeemable by holders at par value at any time, and may not bear interest.
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Since its establishment in 2025,September the Qivalis consortium has expanded to 37 European banks and has selected Fireblocks to provide digital asset infrastructure.
AI-assisted interpretation
The following is analysis, separate from reported facts. Verify important claims independently.
EMI A license is one of the qualifications required to issue regulated electronic money tokens. Qivalis has obtained the license but must still complete the remaining MiCA requirements and publish a white paper.
Why it matters to readers
This may promote institutional issuance and distribution of EUR-denominated regulated tokens, but actual issuance and adoption still depend on subsequent compliance and distribution arrangements.
It shows that stablecoin issuance generally requires regulatory authorization, compliance documentation, and distribution channels; obtaining a license does not mean trading can begin immediately.
Risks and unknowns
The only evidence is a BlockBeats news report; no direct announcement from the Dutch central bank or Qivalis was provided.
Qivalis has not yet completed the remaining MiCA requirements, and the timing of the white paper's publication is unclear.
Whether the tokens will be issued as planned, and whether banks, trading platforms, and payment service providers will actually distribute them, remains uncertain.
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Related concepts
EMI License
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