Catenaa, Saturday, September 13, 202-Ripple is broadening its collaboration with Spanish banking giant BBVA, supplying institutional-grade crypto custody technology to manage Bitcoin and Ether holdings for retail clients.
The agreement builds on prior partnerships in Switzerland and Turkey, and comes as European banks accelerate digital asset offerings following the EU’s Markets in Crypto-Assets (MiCA) regulation.
BBVA aims to provide secure, compliant custody services directly to clients, leveraging Ripple’s technology to support operational efficiency and regulatory adherence.
Ripple’s expansion into Spain reflects broader trends across Europe, where institutions such as Deutsche Bank, Standard Chartered, and Boerse Stuttgart Digital Custody are launching crypto solutions.
The partnership underscores the increasing reliance of regulated banks on technology providers to scale digital asset services safely.
Beyond custody, Ripple has extended its US dollar-backed stablecoin, RLUSD, into Africa through partnerships with fintech platforms including Chipper Cash, VALR, and Yellow Card. RLUSD now exceeds $700 million in supply on Ethereum and the XRP Ledger, supporting real-world applications such as climate risk and rainfall insurance pilots in Kenya.
BBVA’s move with Ripple demonstrates how established banks are integrating crypto offerings to meet growing customer demand while ensuring compliance and security, marking another milestone in mainstream financial adoption of digital assets.
