KEY TAKEAWAYS
- Ripple partners with BBVA to provide digital asset custody technology, enhancing BBVA’s crypto-asset services in Spain.
- The collaboration aligns with the EU’s MiCA regulation, supporting BBVA’s digital asset expansion with secure and compliant solutions.
- Ripple’s technology enables BBVA to offer a scalable custody service, meeting high security and operational standards.
- This agreement builds on Ripple’s existing partnerships with BBVA in Turkey and Switzerland, leveraging over a decade of digital asset experience.
Ripple, a prominent provider of digital asset infrastructure for financial institutions, has announced a new agreement with BBVA to supply its digital asset custody technology to the Spanish bank. This development supports BBVA’s recent launch of a crypto-asset trading and custody service for bitcoin and ether, now available to retail customers in Spain. The announcement was made on September 9, 2025, in London and Madrid.
Through this agreement, BBVA will utilize Ripple Custody, Ripple’s institutional-grade digital asset self-custody technology. This will enable BBVA to offer a scalable and secure custody service for tokenized assets, including various crypto-assets. The collaboration is expected to enhance BBVA’s ability to meet customer demand for digital asset access while adhering to stringent security, operational, and regulatory standards.
Ripple’s Role in Supporting BBVA’s Digital Asset Ambitions
The partnership between Ripple and BBVA aligns with the European Union’s Markets in Crypto-Assets regulation (MiCA), which has encouraged banks across Europe to expand their digital asset offerings. Cassie Craddock, Managing Director, Europe, at Ripple, noted that BBVA has been a leader in innovation within the region, and Ripple is committed to supporting its goals with secure and compliant digital asset technology.
Francisco Maroto, Head of Digital Assets at BBVA, emphasized the bank’s leadership in digitization and innovation. He stated that Ripple’s custody solution allows BBVA to provide an end-to-end custody service, leveraging trusted technology that meets high security and operational standards. This agreement enables BBVA to support its customers in exploring digital assets, backed by the bank’s strength and security.
Building on a Strong Collaborative History
The new agreement between Ripple and BBVA in Spain builds on a longstanding collaboration between the two companies. Ripple already provides custody technology to Garanti BBVA in Turkey and BBVA Switzerland. With over a decade of experience in the digital asset space and more than 60 regulatory licenses and registrations globally, Ripple is well-positioned to offer core services that financial institutions need to store, exchange, and move digital assets.
For more information, the announcement can be found here.
Why This Matters: Impact, Industry Trends & Expert Insights
Ripple has announced a new agreement with BBVA to provide digital asset custody technology, enhancing BBVA’s crypto trading and custody services in Spain.
Recent industry reports indicate that regulatory clarity and integration by leading banks are major trends in European crypto custody services in 2025. This aligns with Ripple’s collaboration with BBVA, which leverages regulatory frameworks like MiCA to expand digital asset offerings.
A report highlights that BBVA’s launch of Bitcoin and Ether trading and custody services significantly impacts crypto asset adoption in Spain by integrating digital assets into mainstream banking. This supports the partnership’s potential to enhance accessibility and investor protection in the Spanish market.
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