- Ripple Custody will power BBVA’s crypto-asset trading and custody service in Spain.
- The agreement highlights Ripple’s growing institutional footprint as banks respond to MiCA.
Ripple has struck a new agreement with BBVA to supply digital asset custody technology for the Spanish bank’s crypto offering. BBVA has rolled out a new service allowing retail customers in Spain to trade and store bitcoin and ether. With MiCA regulation now active across Europe, banks are moving faster to meet growing demand for safe access to digital assets, and Ripple is fitting in as a trusted provider.
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
Ripple Powers BBVA’s New Crypto Custody Platform
BBVA’s new crypto service builds on its earlier offerings in Switzerland and Turkey. The partnership with Ripple ensures that Spanish customers will have access to a custody platform built for both scalability and compliance.
Ripple Custody is designed to support tokenized assets beyond Bitcoin and Ether. This will give banks confidence to expand their digital portfolios and, at the same time, maintain strong security standards.
Executives from both sides emphasized that the deal reflects the changing regulatory climate in Europe. Cassie Craddock, Ripple’s Managing Director for Europe, noted that MiCA has given banks the confidence to act. At the same time, Francisco Maroto, BBVA’s Head of Digital Assets, said the solution aligns with BBVA’s goal of providing an end-to-end service backed by its brand reputation.
Ripple’s European Presence
This agreement continues a long relationship between Ripple and BBVA, which already spans Switzerland and Turkey through BBVA subsidiaries. Ripple’s custody framework is now gaining traction as more European banks prepare to launch crypto services under a clear legal framework. With over a decade of industry experience and more than 60 regulatory licenses worldwide, Ripple is using its institutional credibility to win partnerships across traditional finance.
Beyond custody, Ripple’s technology remains widely discussed for its role in cross-border payments. XRP, Ripple’s native asset, has benefited from legal clarity in the United States after a court decision favored the company in its long-running battle with the SEC. The token continues to be viewed as a strong contender for international settlement solutions, even as SWIFT maintains a preference for neutral infrastructure in high-volume retail payments.
Ripple’s agreement with BBVA not only expands its European footprint but also signals how traditional banks are adapting to customer demand with regulated, bank-backed digital asset services.
At the time of writing, XRP was trading at $3. It reported a 2.45% increase in the last 24 hours. Trading volume surged by a modest 13.25% in the last 24 hours.
