[DigitalToday reporter Chi-kyu Hwang] European banking consortium Kibalis has secured 25 new banks in 15 countries, increasing participating institutions to 37.
According to a recent Cointelegraph report, Kibalis plans to launch a regulated euro stablecoin aligned with the European Union crypto regulatory framework MiCA in the second half of 2026.
New members include ABN AMRO, Rabobank, Nordea and Intesa Sanpaolo. Spain had the most, with five institutions.
In Italy, two banks joined. France, Sweden, Greece, the Netherlands, Finland and Ireland also added two each. Cointelegraph reported that this will strengthen efforts to build a single regulated euro stablecoin infrastructure spanning northern and southern Europe.
Ahead of the euro stablecoin launch, Kibalis is also holding talks with cryptocurrency exchanges. In March, it selected digital asset custodian Fireblocks for tokenisation technology, wallet infrastructure, custody and regulatory compliance support tools.
Chi-kyu Hwang
delight@d-today.co.kr