Ripple & BBVA Expand Crypto Custody to Spain
Ripple Expands Crypto Custody Services with BBVA in Spain
Ripple and BBVA (Banco Bilbao Vizcaya Argentaria) have extended their collaboration to Spain, introducing regulated digital asset custody services to meet the growing demand for crypto assets. This partnership leverages Ripple's institutional-grade custody technology, Ripple Custody, to support BBVA's new service for retail customers in the country, enabling trading and custody of Bitcoin and Ether.
Supporting BBVA's Crypto Offering
BBVA's adoption of Ripple Custody aims to provide a secure and scalable solution for managing tokenized assets. This move allows BBVA to cater to the increasing customer interest in digital assets within Spain. The service will operate under BBVA’s infrastructure, ensuring an end-to-end, reliable digital asset platform.
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
Aligned with European Regulations
This partnership aligns with the European Union’s Markets in Crypto-Assets (MiCA) regulation, which is now in effect. The regulatory clarity provided by MiCA has encouraged more European banks to launch digital asset services, positioning them to meet growing customer expectations.
Building on an Existing Collaboration
The agreement builds upon Ripple's existing collaborations with Garanti BBVA in Turkey and BBVA in Switzerland. This expansion demonstrates the effectiveness of Ripple's solutions across multiple markets.
Ripple, with over ten years of experience in the digital asset sector and holding more than 60 regulatory licenses and registrations globally, provides custody, payments, and stablecoin solutions designed for institutions. BBVA, a major financial institution in Spain since 1857, continues to invest in digital banking innovation.