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In a recent development, Ripple, a prominent blockchain enterprise based in the United States, has unveiled its latest collaboration with Banco Bilbao Vizcaya Argentaria (BBVA), a leading Spanish bank. This strategic partnership will enable BBVA to leverage Ripple’s Bitcoin (BTC) and Ethereum (ETH) custody services.
Ripple and BBVA: A New Era of Digital Asset Custody
Ripple, renowned for its XRP token, has announced a pivotal partnership with BBVA, aiming to enhance the bank’s digital asset custody capabilities. This move builds on BBVA’s previous announcement in July 2025, where the bank introduced BTC and ETH trading and custody services for its retail clientele in Spain.
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Ripple intends to deploy its advanced Ripple Custody technology, a premier self-custody solution for digital assets, to BBVA. This technology promises a robust and scalable framework to manage tokenized assets securely and efficiently. Cassie Craddock, Ripple’s Managing Director for Europe, highlighted that the European Union’s Market in Crypto-Assets (MiCA) regulation has streamlined the process for banks to offer digital asset services across Europe.
Understanding the EU’s MiCA Framework
The European Union’s MiCA regulation represents a comprehensive legal framework crafted to oversee digital assets, stablecoins, and associated service providers across its member states. This regulatory environment facilitates easier integration of digital asset services by banks like BBVA, meeting the growing demand from customers.
Ripple Custody will empower BBVA to address the surging demand for cryptocurrencies like BTC and ETH, while also ensuring compliance with stringent regulatory and operational standards. Francisco Maroto, BBVA’s Head of Digital Assets, commented on the collaboration:
“Ripple’s custody solution enables us to harness proven and reliable technology that adheres to the highest security and operational benchmarks. This partnership allows BBVA to offer a comprehensive end-to-end custody service to our customers, fulfilling our commitment to support their exploration of digital assets, backed by BBVA’s robust infrastructure.”
This agreement marks another milestone in the ongoing relationship between Ripple and BBVA. Ripple has previously extended its crypto custody solutions to Garanti BBVA in Turkey and BBVA Switzerland.
The Growing Emphasis on Crypto Custody Solutions
The crypto custody sector has witnessed significant advancements recently. Ripple’s collaboration with UAE-based Ctrl Alt is a testament to its commitment to expanding crypto custody services globally.
The positive regulatory environment in the United States has played a crucial role in encouraging banks to offer crypto custody solutions. For instance, US Bancorp has revived its Bitcoin custody services after a three-year hiatus. Moreover, the US’s major banking regulators, including the OCC, Federal Reserve, and FDIC, have issued guidance on handling digital asset custody.
As of the latest update, Bitcoin is trading at $111,040, reflecting a 1.2% decrease over the past 24 hours.
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