# Qivalis Gets Dutch Bank Approval for Euro Stablecoins

> Dutch central bank approves Qivalis to issue euro-denominated electronic money tokens.
- Title: Qivalis Gets Dutch Bank Approval for Euro Stablecoins · Pymnts
- Summary: Dutch central bank approves Qivalis to issue euro-denominated electronic money tokens. Qivalis, a stablecoin firm backed by 37 European banks, received Dutch…
- Keywords: qivalis, dutch central bank, euro stablecoins, electronic money tokens, full reserve model, european banks, business, finance, Gets, Dutch, Bank, Approval
- Source: Pymnts — https://pymnts.com/blockchain/2026/stablecoin-firm-qivalis-moves-closer-to-issuing-electronic-money-tokens
- Author: PYMNTS
- Published: 2026-10-14T19:22:00+00:00
- Read time: 1 min
- Topics: qivalis, dutch central bank, euro stablecoins, electronic money tokens, full reserve model, european banks, business, finance
## Qivalis Receives Dutch Bank Approval
Dutch central bank authorizes Qivalis to operate as an electronic money institution under direct supervision.

> Europe’s currency deserves Europe’s rules, on-chain
## Qivalis CEO on European Rules
Qivalis CEO Jan-Oliver Sell states Europe should have euro-denominated on-chain settlement assets under European laws.

> With this authorization, Qivalis has taken a very important step towards issuing a euro-denominated EMT
## Qivalis Backed by 37 European Banks
Qivalis operates independently with backing from 37 major European banking institutions across 15 countries.

> Qivalis plans to issue its euro-denominated token under a full reserve model
## Qivalis Targets Institutional Users
Qivalis will distribute tokens through banks, exchanges, payment providers and market infrastructure operators.

> Qivalis intends to distribute the digital tokens through partners such as commercial banks, financial exchanges, payment service providers and market infrastructure operators
## Key takeaway

Qivalis, a stablecoin firm backed by 37 European banks, received Dutch central bank authorization to operate as an electronic money institution under a full reserve model.