Ripple has secured a major partnership with Spanish banking giant BBVA, bringing its digital asset custody technology to the forefront of BBVA’s newly launched crypto-asset trading and custody service. This service, now available to retail customers in Spain, supports both Bitcoin (BTC) and Ethereum (ETH), enabling users to safely store and manage their digital assets with the backing of trusted banking infrastructure.
Ripple Custody Powers Secure, Scalable Digital Asset Storage
Through the integration of Ripple Custody, BBVA is offering a secure, scalable, and fully compliant solution for digital asset storage. This technology is designed to meet the stringent regulatory requirements of the European Union while allowing banks like BBVA to confidently expand into the growing crypto space.
Ripple’s custody platform supports tokenized assets, making it ideal for banks looking to offer not just basic crypto services, but also more advanced digital financial products in the future. By leveraging Ripple’s infrastructure, BBVA ensures that customer assets are protected using institutional-grade security protocols and full transparency.
MiCA Regulation Opens Doors for Banks Across Europe
This deal arrives at a critical moment, as the EU’s Markets in Crypto-Assets (MiCA) regulation comes into effect, offering regulatory clarity for digital assets across Europe. MiCA provides a standardized framework for banks and financial institutions, giving them the confidence to roll out crypto offerings in compliance with EU law.
BBVA’s decision to collaborate with Ripple reflects its ongoing commitment to innovation and digital transformation. The bank emphasized the importance of using trusted, battle-tested technology partners to deliver a seamless and secure end-to-end custody service for its customers.
Ripple, on the other hand, sees this as another strategic step in solidifying its presence in Europe. Having already partnered with institutions in Switzerland and Turkey, this new collaboration with BBVA strengthens Ripple’s position as a leading infrastructure provider for regulated digital asset services.
With more than 60 regulatory licenses worldwide and over a decade of experience in digital assets, Ripple continues to play a key role in helping traditional financial institutions bridge the gap into the world of crypto and tokenization.
