Spain is quickly becoming a proving ground for regulated digital assets, with both German and U.S. players stepping in to claim their share of the market.
The latest entrant is Boerse Stuttgart Digital, which has opened a new office in Madrid as part of its push to scale across Europe.
Rather than targeting retail traders directly, the Stuttgart Stock Exchange’s crypto arm focuses on supplying infrastructure to banks, brokers, and asset managers. Armed with a MiCAR license secured earlier this year from German regulator BaFin, the firm can roll out custody and trading services across the European Union. Executives say demand in Spain is especially strong, citing forecasts that more than half of the population could be using cryptocurrencies by 2025. Negotiations with major banks are already underway, with CEO Matthias Voelkel hinting at “detailed discussions with leading institutions.”
Madrid becomes the group’s eighth European base, joining hubs in cities such as Frankfurt, Milan, and Zurich. The expansion signals a wider trend: established financial firms are no longer waiting for the crypto market to mature—they’re moving now to secure a foothold.
Ripple is also extending its influence in Spain. Partnering with BBVA, the blockchain firm is providing custody technology that allows customers to buy and store assets like Bitcoin, Ethereum, and Solana directly through the bank’s platform. Backed by IBM for security, the system has already rolled out in Turkey through BBVA’s subsidiary Garanti BBVA Kripto, which now serves more than 14,000 users.
According to Ripple’s European chief Cassie Craddock, the EU’s new regulatory clarity under MiCAR has been decisive in encouraging banks to launch crypto services. BBVA, she added, is setting the pace by advising wealthy clients to allocate a slice of their portfolios—between 3% and 7%—to digital assets.
From German stock exchanges to American blockchain firms, the message is clear: Spain is no longer a peripheral market. With regulation in place and demand rising fast, the country is positioning itself as one of Europe’s most competitive hubs for crypto innovation.
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Source: https://coindoo.com/ripple-and-stuttgart-exchange-just-picked-spain-for-their-next-big-move/