Ripple has secured another major banking partnership as Spain’s $106 billion financial giant BBVA expands its collaboration with Ripple Custody. The agreement allows Ripple to provide institutional-grade digital asset custody for Bitcoin (BTC), Ethereum (ETH), and tokenized assets, now extending these services to BBVA’s retail customers.
The move follows BBVA’s launch of app-only BTC and ETH trading for retail investors in July, building on earlier services for institutional clients. By leveraging Ripple’s scalable custody solution, BBVA aims to offer secure storage and management of cryptocurrencies and tokenized assets in Spain.
Cassie Craddock, Ripple’s managing director for Europe, highlighted that the EU’s MiCA regulation has given banks across the region confidence to roll out digital asset products their customers are demanding.
Ripple Custody already secures a range of crypto assets—including Bitcoin, Ethereum, USDC, Solana, XRP, Avalanche (AVAX), and Chiliz—for Turkey’s Garanti BBVA and BBVA Switzerland.
The expansion underscores Ripple’s growing role in bridging traditional finance and the crypto sector. Having acquired Metaco and Standard Custody & Trust Company, Ripple is positioning itself as a leader in institutional custody, stablecoin issuance, and tokenization services. The company predicts that 10% of global assets could be tokenized by 2030.
Meanwhile, the crypto market remains strong. Bitcoin is trading near $113,000, up 1% in the past 24 hours, while Ethereum has risen 1.5% to $4,350.
