UniCredit S.p.A.

UCG

IT0005239360

Banks

Market Closed - Borsa Italiana Other stock markets 19:45:00 05/12/2025 +03			5-day change	1st Jan Change
65.05 ^EUR	-1.00%		+1.50%	+68.85%

12-06	Monte dei Paschi board expresses full confidence in CEO Lovaglio	RE
12-05	Council of State overturns 'golden power' decision on Cedacri loan (Ion)	RE

Qivalis: The First Euro Stablecoin Launched by Ten Major Banks

Published on 12/03/2025 at 08:57 am +03

Alliance News - Translated by Marketscreener - See original

UniCredit S.p.A.

-1.00%

ING Groep N.V.

-0.31%

(Alliance News) - Qivalis will become the first euro stablecoin launched by a consortium of ten major European banks, including UniCredit and Banca Sella, with its debut scheduled for mid-2026.

The consortium, open to new members, is headquartered in the Netherlands and aims to obtain an electronic money license under the supervision of the Dutch central bank.

The company has appointed Jean-Oliver Sell, formerly of Coinbase Germany, as CEO, and Floris Lugt, formerly of ING, as CFO. The supervisory board will be chaired by Howard Davies, former head of the UK Financial Services Authority.

Qivalis, pegged to the euro, aims to become a European standard for digital payments based on blockchain technology, offering near-instant, 24/7 transactions at low cost, with applications for supply chains and digital asset settlements.

It will not compete with the European Central Bank's digital euro, which is primarily targeted at retail users.

The initiative also has a strategic objective: to create a European alternative in a stablecoin market currently dominated by the United States.

By Giuseppe Fabio Ciccomascolo, Alliance News senior reporter

Comments and questions: redazione@alliancenews.com

Stocks mentioned in the article

	Add to a list 0 selected To use this feature you must be a member Log in Sign up	Price	Change	5d. change	Capi.
	UNICREDIT S.P.A.	65.05EUR	-1.00%	+1.50%	118B
	ING GROEP N.V.	22.64EUR	-0.31%	+1.30%	76.62B

Latest news about UniCredit S.p.A.

12-06	Monte dei Paschi board expresses full confidence in CEO Lovaglio	RE
12-05	Council of State overturns 'golden power' decision on Cedacri loan (Ion)	RE
12-05	Milan Stock Exchange Flat Ahead of Fed Rate Decision, Fincantieri Surges, Eni Drops	RE
12-05	Milan Stock Exchange Opens Steady as Investors Await Fed Decision; Fincantieri Rises, Eni Falls	RE
12-05	Leonardo receives maxi-order from Nigeria; EUR450 million for aircraft	AN
12-04	UNICREDIT SPA : Goldman Sachs keeps its Buy rating	ZD
12-03	Bullish Futures; Mib Rebounds from 43,300 Mark	AN
12-03	Qivalis: The First Euro Stablecoin Launched by Ten Major Banks	AN
12-03	Orcel: "10% Premium for MPS, But Treasury Wanted Much More"	AN
12-02	Mixed European markets, Mib above 43,350 points	AN
12-02	Milan Stock Exchange Strengthens Gains Led by Banks, Generali, and Robust Campari	RE
12-02	European Markets in Positive Territory, Mib Surpasses 43,500 Points	AN
12-02	Mib rises to 43,500; Campari takes the lead	AN
12-02	UniCredit buys back ordinary shares for approximately EUR66 million	AN
12-01	BasicNet Finalizes Woolrich Acquisition for EUR40 Million	AN
12-01	Monte dei Paschi shares fall for a third day after probe into Mediobanca deal	RE
11-28	CEE ECONOMY-Czech economy hitting stride as Q3 growth highest in three years	RE
11-28	Luxury Sector Leads Mib; Italian Inflation Holds Steady	AN
11-28	Mib Down; Cucinelli Leads Gains, MPS Slides	AN
11-28	Orcel Opens Door to Negotiations with Government over Golden Power Dispute	AN
11-28	European Markets Expected to Open Flat as Focus Shifts to Russia-Ukraine Peace Talks and Fed Policy	AN
11-28	Orcel Defends UniCredit's Italian Identity and Strategic Direction	AN
11-28	Hold-Italy - Factors to watch on November 28	RE
11-27	Milan bullish; Campari takes the lead	AN
11-27	European banks face pressure risk if Ukraine conflict ends

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Company Profile

UniCredit S.p.A. is one of the leading European banking groups. Income breaks down by activity as follows: - corporate, investment, finance and market banking (50.6%): leasing, factoring, stock transactions, participation in the rate, exchange, stock and derivative markets, stock exchange intermediation, etc.; - retail banking (48.9%); - other (0.5%). At the end of 2024, the group managed EUR 499.5 billion in deposits and EUR 418.4 billion in loans. Products and services are marketed through a network of 3,039 branches located primarily in Italy (1,943). Income (including intragroup) is distributed geographically as follows: Italy (44.9%), Germany (21.6%), Central Europe (17.1%), Eastern Europe (11.4%) and Russia (5%).

Employees

75,265

Sector

Banks

Calendar

02-05 - Q4 2025 Earnings Release (Projected)

More about the company