Blockchain company Ripple continues to expand its banking partnerships in Europe. The company has signed a new agreement with leading Spanish bank BBVA to integrate its digital asset custody technology into the bank’s crypto services.
Ripple Expands Digital Asset Custody Partnership with BBVA in Spain
BBVA recently launched Bitcoin (BTC) and Ethereum (ETH) trading and custody services for individual clients. Under the new partnership, these services will be powered by Ripple’s digital asset custody infrastructure.
The move comes as the European Union’s MiCA (Markets in Crypto-Assets) law, which regulates crypto-asset services, has come into force. “Thanks to the framework provided by MiCA, banks have begun to confidently offer the digital asset services their customers demand,” said Cassie Craddock, Ripple’s European General Manager.
Ripple Custody was created last year when the company acquired the Swiss-based crypto custody firm Metaco. BBVA had previously implemented this technology in Switzerland and Türkiye. BBVA Head of Digital Assets Francisco Maroto emphasized that the integration will enable the bank to offer end-to-end, secure custody services to its clients.
Ripple currently holds more than 60 regulatory licenses worldwide. The Spanish deal strengthens the company’s position in Europe and signals a shift in how traditional banks approach cryptocurrency. Instead of relying on third-party providers, banks are opting to develop their own services with trusted infrastructure partners.
*This is not investment advice.