The group of 10 banks plans to introduce its euro stablecoin next year under a new Dutch entity named Qivalis.
BNP Paribas Joins EU Bank Stablecoin Venture Helmed by Ex-Coinbase Germany Exec
The group of 10 banks plans to introduce its euro stablecoin next year under a new Dutch entity named Qivalis.
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The project is in stealth mode and may have a team of five, with plans to run code compatible with Ethereum.
The platform will enable 24/7 trading of U.S. stocks and exchange-traded funds with near-instant settlement, building on Ondo's existing $365 million in tokenized assets.
The Converge blockchain is Ethereum compatible and designed to bring DeFi to tokenized real world assets.
This follows Gemini’s opening of its first permanent office in London, highlighting the company’s effort to expand its presence in the region.