Crypto commentator WrathofKahneman said references to two banks' Ripple Custody use do not establish Ripple's role in Qivalis' planned euro stablecoin, drawing a line between existing service ties and project participation.
The social media post presented BBVA and DZ BANK as Qivalis members with existing Ripple Custody ties, then questioned whether other consortium banks would be prepared for launch. WrathofKahneman (@WKahneman) said those references did not amount to a new partnership announcement or establish Ripple's direct involvement in the stablecoin project.
Fireblocks said in an April 2026 announcement that Qivalis had chosen its infrastructure for tokenization, custody, wallets and compliance. The announcement said the consortium was targeting a launch in the second half of 2026.
