Quantoz
Quantoz is a Dutch company that issues digital money for blockchains. Its subsidiary Quantoz Payments is an electronic money institution and issues e-money tokens in euros, US dollars and pounds sterling, called EURQ, USDQ and GBPQ. Each token is backed by money held at banks and can be redeemed at par.
Companies use the tokens for payments, for transfers abroad and for the settlement of tokenized assets. Payment firms and trading venues connect to Quantoz to issue the tokens and move them between their customers. The company is based in Utrecht in the Netherlands.
From software firm to e-money institution
Quantoz N.V. was founded in Utrecht in 2015 and built digital money infrastructure for other companies. Quantoz Payments B.V. was incorporated in 2021, and De Nederlandsche Bank authorized it as an electronic money institution in 2023. EURQ and USDQ followed in November 2024 as e-money tokens under MiCA, and Kraken and Bitfinex listed both tokens from 21 November 2024.
Arjen van Klaarbergen and Gaston Hendriks lead the company as co-chief executives. Arjen van Klaarbergen is also chief legal officer and Gaston Hendriks chief technology officer. Folkert Miedema is chief financial officer, and Ron Berndsen chairs the supervisory board.
Reserves, blockchains and partners
Quantoz holds the reserves for its tokens at several large European banks, separate from its own money, and token holders can redeem them at par, as the rules for every e-money token require. Quantoz issues the tokens natively on Ethereum, Polygon, Algorand, Stellar, the XRP Ledger and Xahau, and connects them across chains with LayerZero.
Partners named by Quantoz include TerraPay, Archax, Zodia Markets and 21X, the Frankfurt trading and settlement venue for tokenized securities. The crypto exchange Kraken is a shareholder.
Upcoming events on stablecoins and digital money
What is EURQ?
EURQ is the euro e-money token of Quantoz Payments. Each EURQ is backed by euros held at European banks and can be redeemed one to one for euros.
Is Quantoz regulated?
Yes. Quantoz Payments B.V. is an electronic money institution licensed and supervised by De Nederlandsche Bank and passports its license across the European Economic Area.
Who owns Quantoz?
Quantoz names the crypto exchange Kraken and the investor Mirana among its shareholders.
Quantoz and Finance Loop
Euro e-money tokens belong to Finance Loop's Payments & Digital Money track. Finance Loop is a partner of the Digital Euro Association, whose conference puts euro stablecoins on the agenda next to the digital euro.
Finance Loop is a professional network and has the goal of driving the adoption of emerging technologies in finance, such as AI, digital payments, cloud and blockchain solutions. Finance Loop helps its members build skills and personal networks in these fields: Investment & Digital Assets, Payments & Digital Money, Digital Infrastructure & Sovereignty, and Risk & Compliance.