Daniel Walker
Ripple has deepened its partnership with Spanish banking giant BBVA, announcing a new deal to integrate its Ripple Custody technology into BBVA’s digital asset services.
This move supports BBVA’s retail-focused crypto trading and custody platform in Spain, which currently offers bitcoin and ether custody for customers.
Ripple Custody is an institutional-grade self-custody solution built to manage tokenized assets with maximum security, compliance, and efficiency.
“With MiCA regulations now established in Europe, banks are more confident than ever to deliver the digital asset products their customers demand,” said Cassie Craddock, Ripple’s Managing Director for Europe.
Francisco Maroto, BBVA’s Head of Digital Assets, emphasized the importance of the deal, stating:
“Ripple’s custody solution enables us to deliver a fully compliant, secure, and end-to-end custody service to our clients.”
A History of Cooperation
This latest announcement extends a longstanding relationship between Ripple and BBVA. Previously, Ripple provided custody technology for BBVA operations in Switzerland and Turkey, while the two firms also worked together on real-time cross-border payments pilots.
BBVA Expands Its Role in Global Crypto
The news follows reports that BBVA has been selected as one of the independent custodians for Binance clients, further positioning the bank as a leading player in the digital asset space.
