Ripple Strengthens EU Presence with BBVA Crypto Custody Deal

Ripple Labs has taken another step in strengthening its presence in Europe by partnering with Spanish banking leader ￰0￱ collaboration introduces a new digital asset custody ￰1￱ is designed to give customers in Spain secure and direct access to cryptocurrencies and tokenized ￰2￱ Ripple’s Custody Platform into Spain Ripple and BBVA have teamed up to bring a new digital asset custody service to ￰3￱ on September 9, this service gives customers safe and direct access to cryptocurrencies and tokenized ￰4￱ Ripple’s technology, BBVA can now safely store and manage digital assets under strict rules and strong ￰5￱ partnership allows the bank to expand its crypto services while following regulations and earning customer ￰6￱ has also launched trading services for Ethereum (ETH) and Bitcoin (BTC) in Spain, letting customers buy, sell, and hold these coins directly through the bank’s mobile ￰7￱ removes the need for third-party platforms and keeps customers in full control of their ￰8￱ and Ripple Launch Crypto Services in Spain with Full Compliance To follow the law, BBVA has reported its new service to Spain’s National Securities Market ￰9￱ bank stressed that its project follows the European Union’s Markets in Crypto-Assets (MiCA) rules, which set clear standards for digital asset services.

Ripple’s European team noted that MiCA has made banks more confident about offering digital asset ￰10￱ leaders agreed, saying the partnership allows them to provide full crypto services, from storage to ￰11￱ head of BBVA’s digital asset unit said Ripple’s custody system gives the safety and reliability needed to build customer ￰12￱ added that the deal helps the bank guide clients into the digital asset market while protecting its strong ￰13￱ and BBVA Build on Past Crypto Collaborations This is not the first time Ripple and BBVA have joined ￰14￱ have worked together before in Turkey and Switzerland on digital asset ￰15￱ countries already have clear crypto rules , which makes it easier for banks and crypto companies to create new services and ￰16￱ 2023, BBVA’s Swiss branch worked with Ripple-owned Metaco to establish its digital asset ￰17￱ laid the foundation for today’s broader expansion in ￰18￱ pro-crypto finance institution has positioned itself as a leading bank in the adoption of blockchain technology, thus making it easier for its customers to invest in this new digital ￰19￱ this latest development, Ripple and BBVA are setting the stage for more European banks to bring digital asset services directly to their customers.