Today, the bank announced it will use Ripple’s custody technology to provide a secure and scalable solution for holding cryptocurrencies such as Bitcoin and Ether.
This move comes shortly after BBVA launched its new crypto trading and crypto custody service. Now available to retail customers in Spain.
Bringing Crypto to Mainstream Banking
The European Union’s Markets in Crypto-Assets regulation, known as MiCA, has created a clear legal framework for crypto services across the region. Cassie Craddock, Managing Director for Europe at Ripple, emphasized the importance of this regulatory clarity. “Now that MiCA is established across Europe, the region’s banks are emboldened to launch the digital asset offerings that their customers are asking for,” she said. BBVA, recognized for its innovative approach to banking, now has access to institutional-grade custody technology to safely manage customer assets.
Francisco Maroto, Head of Digital Assets at BBVA, highlighted the bank’s ongoing commitment to digital innovation. “Ripple’s custody solution allows us to leverage proven and trusted technology that meets the highest security and operational standards. This enables BBVA to directly provide an end-to-end custody service to our customers, supporting them as they explore digital assets backed by the strength and security of a bank.”
Ripple Custody 🤝 @BBVA 🇪🇸
We’re expanding our partnership with @BBVA, bringing our institutional-grade digital asset custody technology to Spain: https://t.co/28Mkejn1AH
BBVA is responding to growing customer demand for crypto assets, with Ripple providing a secure and…
— Ripple (@Ripple) September 9, 2025
The new partnership builds on a longstanding collaboration between Ripple and BBVA. Ripple already provides custody technology to BBVA Switzerland and Garanti BBVA in Turkey. It will help BBVA expand its crypto services internationally.
More About Ripple
The World Economic Forum has recognized the $XRP Ledger (XRPL) as a leading platform for debt tokenization. By enabling the digitization of real-world assets, XRPL helps improve transparency. Also, reduce transaction costs and streamline processes.
🚨 BREAKING: The World Economic Forum has spotlighted the $XRP Ledger (XRPL) as a key platform for debt tokenization, recognizing its role in digitizing real-world assets, improving transparency and efficiency. pic.twitter.com/2CRzrvuI7y
— Real World Asset Watchlist (@RWAwatchlist_) September 9, 2025
Its robust and scalable infrastructure positions it as a key tool for financial institutions and markets. Its goal is to modernize how debt and other assets are issued, tracked, and managed.
Disclaimer
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