Europe's Banks Unite to Shape Next-Gen Digital Money

Madrid will host the banks building the next generation of European digital money as regulators advance the development of the digital euro and private stablecoins gain traction in the US.

The Qivalis consortium, driven by 37 European financial institutions, is working on a euro-denominated stablecoin regulated under the MiCA framework. The project aims to provide instant-settlement infrastructure available 24/7 for an increasingly global economy.

Banks such as BBVA, Cecabank, BNP Paribas, Banca Sella, Raiffeisen Bank, and Piraeus Bank have confirmed their participation in MERGE Madrid 2026. The event will bring together some of the leading players designing the next generation of financial infrastructure.