Cecabank joins Qivalis, the first European banking consortium for the issuance of a euro stablecoin under MiCA, from the position of a neutral B2B integrator
Cecabank consolidates its position as a leading wholesale financial infrastructure provider in the development of digital money solutions and tokenised assets
The bank holds a MiCA licence for crypto asset services and has a control, risk, and technology framework aligned with the main application areas associated with tokenised money
This participation will facilitate Cecabank customers' access to a stablecoin in euros
Cecabank, a leader in Securities Services in the Iberian market and in treasury and payment services, has formalised its entry into Qivalis, the first European banking consortium created for the issuance of a stablecoin in euros in line with the MiCA regulatory framework. This incorporation reinforces the bank's position as a leading wholesale financial infrastructure provider in the development of digital money solutions and tokenised assets.
The investment is part of Cecabank's strategy to boost the European euro-based payments and settlement ecosystem using DLT, in a context where the global market for stablecoins continues to grow steadily and demonstrates a structural demand that transcends the scope of crypto trading. Furthermore, the market, currently focused on stablecoins denominated in dollars, reinforces the need for development of stablecoins in euros, which opens up a significant opportunity for pan-European initiatives.
Against this backdrop, Qivalis emerges as a European initiative of a banking nature, conceived as a regulated and neutral market utility infrastructure, aimed at preserving European monetary sovereignty and facilitating the development of new institutional use cases, facilitating payments and settlements in DLT.
“We are delighted to welcome 25 new partners to the Qivalis consortium”, stated Jan-Oliver Sell, CEO of Qivalis. "This expansion represents a significant step towards a blockchain ecosystem that is open and aligned with euro regulations, and highlights that most European institutions have already prioritised native euro settlement in blockchain in its transition to digital assets. The euro is the currency of Europe, and blockchain-based financial infrastructure must integrate it: built by European institutions and governed by European rules.”
“At Cecabank we believe that the acceleration of digitalisation and the development of digital assets constitute one of the major vectors of transformation in the financial sector. Technologies such as blockchain have ceased to be a promise and have become an operational reality, while the custody of digital assets is consolidating itself as a new dimension of the business in an environment marked by MiCA and by the need for regulated and secure frameworks”, explained Ainhoa Jáuregui, CEO of Cecabank. She added: “In this context, our incorporation into Qivalis reinforces our ability to support our clients in accessing euro-denominated DLT solutions, within a European, interoperable and fully regulated environment.”
Strategic fit in the Cecabank model
For Cecabank, participation in Qivalis represents a natural extension of its roadmap in digital assets, supported by its regulatory, operational and technological capabilities, as well as its experience as a provider of essential services for the financial system. The bank has a MiCA licence for crypto asset services and a control, risk and technology framework aligned with the main application areas associated with tokenised money, allowing it to operate in this environment with full guarantees.
Through its entry into the consortium, Cecabank reinforces its role as a neutral B2B integrator, facilitating access for its clients—financial and institutional entities, such as Ibercaja Banco, among others—to a stablecoin in euros issued through the banking consortium. This approach allows for the acceleration of the deployment of use cases, while promoting interoperability and joint learning with other European entities, consolidating Cecabank's strategic positioning as a provider of innovative, secure and regulated financial solutions.
With this alliance, Cecabank reaffirms its commitment to innovation, the development of next-generation European financial infrastructures, and supporting its clients in the transition to new digital payment and settlement models, anticipating the trends that are redefining the financial services value chain.
