Key Insights
- Ripple news centers on Qivalis, where 37 banks await white-paper review before issuance.
- Euro stablecoins rose from €50M to €450M since 2024, against a $300B market.
- BBVA and DZ BANK use Ripple Custody, while Qivalis members still face separate custody decisions.
Ripple news focused on European banking infrastructure on Nov. 9 as the company highlighted existing custody partnerships. BBVA and DZ BANK already use Ripple Custody while their 37-member banking consortium prepares a euro stablecoin.
The consortium, Qivalis, secured Dutch regulatory authorization in October. However, the token has not launched, and member banks still face separate custody decisions.
Ripple News: Qivalis Secures Approval for Euro Stablecoin
Qivalis received authorization from De Nederlandsche Bank (DNB) to operate as an electronic money institution.
The Dutch regulator’s register lists Oct. 13 as the authorization’s effective date. Qivalis publicly announced the approval the following day.
The Amsterdam-based consortium plans to issue a euro-backed stablecoin for payments, settlement and tokenized financial assets.
Qivalis began with 12 founding banks before adding another 25 institutions in May. Its membership now covers 37 banks across 15 European countries.
The consortium includes BBVA, DZ BANK, ING, BNP Paribas and UniCredit.
However, the authorization does not establish that Qivalis has started issuing tokens.
The project remains subject to European Union Markets in Crypto-Assets Regulation (MiCA) requirements and white-paper publication.
Ripple said DNB’s review of the white paper remained outstanding before issuance.
Qivalis intends to begin operations within the coming months. It has not announced a confirmed launch date.
The Ripple news report also highlighted euro stablecoin growth, although dollar-backed products remain dominant.
Ripple cited market capitalization rising from approximately €50 million in early 2024 to €450 million by January 2026.
The company compared that figure with approximately $300 billion in dollar-denominated stablecoins.
These figures describe different currencies and dated market observations, rather than current trading demand.
Ripple News Shifts to the Banks’ Custody Decisions
According to the Ripple news, custody is one of the next questions for banks preparing to support a Euro Stablecoin. A bank can keep custody in-house, retaining control of the asset and client relationship.
However, that approach requires technology, governance, and operational processes capable of handling digital assets.
According to the report, Ripple pointed to BBVA and DZ BANK as Qivalis members already using Ripple Custody. Their arrangements highlight how digital asset custody can operate within regulated banking environments.
Ripple Custody connects with core banking and back-office systems through an API-based orchestration layer. Its policy controls cover access, approvals, separation of duties, and jurisdictional requirements. Those functions address custody and governance, while Qivalis remains responsible for issuing its stablecoin.
DZ BANK and BBVA Follow Different Digital Asset Strategies
DZ BANK uses Ripple Custody to support digital securities within its institutional operations.
Ripple described the German bank as managing approximately €350 billion in assets under custody.
The bank integrated digital asset custody with its existing asset-management and securities processes.
One early application involved a tokenized Siemens bond held by DZ BANK and Union Investment.
The arrangement supported securities issued under Germany’s Electronic Securities Act.
BBVA adopted a different approach focused on retaining direct control of customer assets.
The Spanish bank expanded cryptocurrency trading and custody services during 2025.
Ripple said BBVA uses its custody software within existing banking systems while maintaining its own cryptographic keys.
That arrangement allows BBVA to manage safeguarding responsibilities rather than transfer them entirely to another provider.
Both banks therefore demonstrate different applications of custody infrastructure.
However, neither example confirms that all Qivalis members will adopt Ripple Custody.
Ripple News: Qivalis Launch Still Depends on Implementation
The next Qivalis milestone concerns completing regulatory documentation and beginning stablecoin issuance.
DNB’s authorization establishes the issuer’s regulatory status, but operational readiness remains a separate requirement.
Member institutions also face decisions involving custody technology, customer access and compliance procedures.
Ripple could compete for additional custody business as banks expand digital asset services.
However, the company has not announced new contracts tied directly to Qivalis’s planned issuance.
The Ripple news development therefore concerns existing infrastructure relationships and a prospective European banking project.
Further Qivalis disclosures will clarify its launch timetable, distribution arrangements and participating banks’ operational roles.
