The missing cash leg of tokenization is being built

Homepage > News > Finance > The missing cash leg of tokenization is being built TL;DR: Tokenizing securities, funds, and collateral solves only one side of the financial transaction. Settlement money also needs to operate in the same digital environment. Qivalis, backed by 37 European banks, has received authorization to issue a regulated euro stablecoin, adding to growing efforts to build the cash leg of tokenized finance. Key Takeaways: Qivalis, backed by 37 banks across 15 countries, has received authorization from De Nederlandsche Bank (DNB) as an Electronic Money Institution. Its euro-denominated stablecoin is expected to launch in the coming months, subject to MiCA requirements and the publication of its whitepaper. Tokenized financial assets require compatible digital settlement assets for their full benefits to be realized. Europe is developing several forms of digital money, including regulated stablecoins, tokenized deposits, wholesale bank money, and the digital euro. As both tokenized assets and settlement money move on-chain, scalability and interoperability become increasingly important financial infrastructure problems. For years, much of the focus on the to...