Handelsbanken has joined a consortium of 36 other banks across Europe to become shareholder of the stablecoin issuer Qivalis.
"Digital currencies have the potential to play an important role in the financial infrastructure of the future. Handelsbanken has historically participated in numerous payment collaborations and we see Qivalis as a new chance to contribute to the evolution of secure and efficient financial markets", says Benny Johansson, Head of payments and accounts at Handelsbanken.
Stablecoins are digital currencies that maintain a stable value over time due to being backed by an official currency. Qivalis' vision is to develop a 1:1-backed euro stablecoin following the EU's Markets in Crypto Assets (MiCA) regulation.
"As technology has advanced, Handelsbanken has always adapted new innovations to ensure tangible benefits for our customers. We recognise there is a growing interest in digital currencies among large corporate customers. It is a natural step for us to play a part in developing regulated and robust digital payment systems for the future. With our co-ownership, we will expand our expertise in this area and gain additional opportunities to support customers", says Mathias Olausson, Head of corporate market at Handelsbanken Göteborg City branch.
For more information about Qivalis, click here.
For further information, please contact:
Handelsbanken's press office, +46 (0)8 701 80 18
More information on Handelsbanken: www.handelsbanken.com