Ripple Cements European Foothold With Major BBVA Spain Deal

• Ripple expands its European presence with a custody partnership with BBVA in Spain.
• BBVA will use Ripple Custody for its retail crypto trading and custody service.
• The deal builds on BBVA’s earlier launches in Switzerland and Turkey.

Ripple is making another major move 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 extend 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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