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 country’s second-largest lender, DZ Bank, last month. With the approval, DZ will launch its crypto trading platform “meinKrypto.”

The platform, which was approved at the end of December, allows primary institutions to offer retail customers access to crypto trading.

Cooperative banks Volksbanken and Raiffeisenbanken must now submit their own MiCAR notification for “meinKrypto” to BaFin, an official statement read.

Once approved and integrated with the VR banking app, meinKrypto functions as a wallet for self-directed investors. At the launch, initial tradable assets will include Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), and Cardano (ADA).

Further, each of the cooperative banks will decide individually whether 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 suggested that co-op banks in Germany are considering offering cryptocurrency services such as Bitcoin and Ether trading.

The study found that 71% of the country’s 670 Volksbanken and Raiffeisenbanken banks are looking at crypto, up from 54% last year.

Besides, a third of banks eyeing crypto say they aim to launch services within the next five months.

The meinKrypto platform was developed by Atruvia, the IT service provider for the cooperative financial group, and DZ Bank. Further, Stuttgart Stock Exchange Digital will handle the custody of the crypto assets.

DZ Bank Joins Euro Stablecoin Consortium

DZ Bank, the central institution for the country’s co-op banking sector, said 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 next year under a new Dutch entity named Qivalis.

“We are delighted to welcome DZ BANK as the eleventh member of the consortium,” said Jan-Oliver Sell, CEO of Qivalis. Their participation strengthens our joint commitment to building a robust, MiCAR-compliant euro stablecoin infrastructure for European businesses and consumers.”

Qivalis is currently seeking approval from the German National Bank (DNB) to establish as an e-money institution. It is aiming for market entry in the second half of 2026.