- Ripple expands its European presence with a custody partnership with BBVA in Spain.
- BBVA will utilize Ripple Custody for its retail crypto trading and custody service.
- The deal builds on BBVA’s earlier launches in Switzerland and Turkey.
Ripple is creating another major relocate to wire itself into the European banking system, this time locking in a key custody partnership with Spanish giant BBVA.
Fresh off its resolution with the SEC, Ripple is now aggressively leveraging the regulatory clarity of Europe’s MiCA framework to embed its institutional-grade custody tech into traditional finance.
What Exactly is BBVA Using Ripple For?
Through the partnership, BBVA will integrate Ripple Custody, the firm’s institutional-grade digital asset infrastructure, into its newly launched retail service that enables customers in Spain to trade and hold BTC and ETH.
Related: BlackRock’s Presence at Ripple’s Event Sparks Speculation on XRP ETF Future
The service will also extconclude to tokenized assets, giving the bank a scalable and secure solution that meets strict operational and regulatory requirements.
A Mutually-Beneficial Deal
Ripple Custody, developed fo…
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