Ripple has signed a new agreement with Spanish banking group BBVA to provide institutional-grade digital asset custody technology, expanding its presence in Europe.
The partnership supports BBVA’s recently launched crypto-asset trading and custody service for bitcoin and ether, now available to retail customers in Spain.
BBVA will integrate Ripple Custody, a solution designed to manage tokenised assets securely and at scale. The move builds on BBVA’s earlier digital asset initiatives in Switzerland and Turkey, and follows existing collaborations between Ripple and BBVA subsidiaries in those markets.
“Ripple’s custody technology will enable BBVA to offer secure and scalable access to digital assets for its customers,” said Rahul Advani, Ripple’s APAC policy director. “This agreement reflects growing demand for compliant infrastructure as MiCA regulation comes into force across the EU.”
BBVA’s head of digital assets, Alfonso Gómez, said the bank was committed to offering innovative financial services that meet evolving customer needs.
“Ripple’s infrastructure supports our goal of delivering secure access to crypto-assets within a regulated framework,” said Gómez.
Ripple, headquartered in London, holds more than 60 regulatory licences globally and provides infrastructure for custody, payments and stablecoin solutions. Its technology is built on the XRP Ledger, which facilitates low-cost, scalable transactions.
BBVA, founded in 1857, is one of Spain’s largest financial institutions, with operations across Mexico, South America, Turkey and the United States. The bank has positioned itself as an early adopter of digital asset services within the European banking sector.
