German DZ Bank Secures MiCAR License for Crypto Trading, Joins Qivalis Stablecoin Initiative
The German Federal Financial Supervisory Authority (BaFin) granted MiCAR authorization to the nation’s second-largest lender, DZ Bank, final month. With the approval, DZ will launch its crypto buying and selling platform “meinKrypto.”
The platform, which was authorized on the finish of December, permits major establishments to supply retail prospects entry to crypto buying and selling.
Cooperative banks Volksbanken and Raiffeisenbanken should now submit their very own MiCAR notification for “meinKrypto” to BaFin, an official statement learn.
Once authorized and built-in with the VR banking app, meinKrypto features as a pockets for self-directed traders. At the launch, preliminary tradable belongings will embody Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), and Cardano (ADA).
Further, every of the cooperative banks will resolve individually whether or not to implement the crypto service.
German Co-Op Banks Look at Crypto Trading
In September 2025, the German Cooperative Banking Association released a poll, which instructed that co-op banks in Germany are contemplating providing cryptocurrency providers comparable to Bitcoin and Ether buying and selling.
The examine discovered that 71% of the nation’s 670 Volksbanken and Raiffeisenbanken banks are taking a look at crypto, up from 54% final yr.
Besides, a 3rd of banks eyeing crypto say they purpose to launch providers inside the subsequent 5 months.
The meinKrypto platform was developed by Atruvia, the IT service supplier for the cooperative monetary group, and DZ Bank. Further, Stuttgart Stock Exchange Digital will deal with the custody of the crypto belongings.
DZ Bank Joins Euro Stablecoin Consortium
DZ Bank, the central establishment for the nation’s co-op banking sector, mentioned in a separate statement on Tuesday that it has joined the European banking consortium Qivalis, for the launch of a regulated stablecoin.
The group of 11 banks plans to introduce its euro stablecoin subsequent yr underneath a brand new Dutch entity named Qivalis.
“We are delighted to welcome DZ BANK because the eleventh member of the consortium,” mentioned Jan-Oliver Sell, CEO of Qivalis. Their participation strengthens our joint dedication to constructing a strong, MiCAR-compliant euro stablecoin infrastructure for European companies and customers.”
Qivalis is presently looking for approval from the German National Bank (DNB) to ascertain as an e-money establishment. It is aiming for market entry within the second half of 2026.
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