Cecabank is added to Qivalis, the first European consortium for the issuance of one stablecoin in low euros MiCA, from the position of integrator B2B neutral
Cecabank is consolidated as a financial infrastructure wholesaler of reference in the development of digital money and asset solutions tokenizados
The bank has licence MiCA for services of criptoactivos and with a frame of control, risks and technology aligned with the main application fields associated with the money tokenizado
The share will provide to the clients of Cecabank the access to one stablecoin in euros
Cecabank, leading bank in Securities Services on the market Iberian and performance benchmark in treasury and payment services, has formalised its entered Qivalis, the first European consortium created for the issuance of one stablecoin in euros in accordance with the regulatory framework MiCA. This incorporation strengthens the stance of the bank as a financial infrastructure wholesaler of reference in the development of digital money and asset solutions tokenizados.
The investment is framed in the strategy of Cecabank from boost to the ecosystem European of payments and settlement in euros on DLT, in a context in which the global market of stablecoins continues growing in a way maintained and evidence a structural demand that emerges the field of the trading cripto. In addition, the market, currently concentrated in stablecoins called in dollars, strengthens the need of development of stablecoins in euros, which opens a relevant opportunity for panEuropean initiatives.
In this environment, Qivalis emerges as an european venture of nature banking, conceived as an infrastructure utility of regulated market and of neutral character, aimed at preserve the European monetary sovereignty and to provide the development of new use cases institutional, providing payments and settlements in DLT.
“We are enchanted of giving the welcome to twenty-five new members to the consortium Qivalis” has stated Jan‑Oliver Sell, CEO of Qivalis. “This expansion supposes a significant advance towards an ecosystem of blockchain open and aligned with the standard for the euro, and highlights that the majority of European institutions have already prioritised the native settlement in euros in blockchain in its transition towards the digital assets. The euro is the currency of Europe, and the financial infrastructure based on blockchain owes integrate it: built by European institutions and governed by European”standards.
“In Cecabank consider that the acceleration of the digitisation and the development of the digital assets constitute one of the major transformation vectors of the financial sector. Technologies as blockchain have stopped being a promise to become an operational reality, while the custody of digital assets is consolidated as a new dimension of the business in a marked environment for MiCA and for the need of regulated frames and insurance”, has explained Ainhoa Jáuregui, CEO of Cecabank, adding: “In this context, our incorporation to Qivalis strengthens our skills to accompany to our clients in the access to solutions in euros on DLT, within an European environment, interoperable and fully regulated”.
Strategic lace in the model of Cecabank
The share in Qivalis represents for Cecabank a natural area of its road map in digital assets, leaned on its regulatory skills, operations and technological, as well as in its services experience as supplier essential for the financial system. The bank has licence MiCA for services of criptoactivos and with a frame of control, risks and technology aligned with the main application fields associated with the money tokenizado, which it allows tackling this environment with full guarantees.
Via its entered the consortium, Cecabank strengthens its role as an integrator B2B neutral, providing to its clients —entidades financial and institutional, as Ibercaja Bank, between otros— the access to one stablecoin in issued euros via the consortium. This approach allows speeding up the deployment of cases of use, while promotes the interoperability and the joint learning with other European companies, consolidating the strategic stance of Cecabank as a supplier of financial solutions innovators, sure and regulated.
With this alliance, Cecabank reasserts its commitment with the innovation, the development of financial infrastructures European of next generation and the accompaniment to its clients in the transition towards new payments digital models and settlement, anticipating to the trends that they are redefining the value chain of the financial services.
