Ripple, the US blockchain firm behind the XRP cryptocurrency, will provide crypto custody services to Spanish bank Banco Bilbao Vizcaya Argentaria (BBVA).<\/p>\n
According to a Tuesday announcement<\/a>, Ripple\u2019s agreement to provide crypto custody services to BBVA follows the bank\u2019s recent announcement<\/a> of its Bitcoin (BTC<\/a>) and Ether (ETH<\/a>) retail trading and custody service. BBVA will rely on Ripple\u2019s institutional custody service to power services to its customers.<\/p>\n BBVA\u2019s head of digital assets, Francisco Maroto, said that Ripple\u2019s custody service allows it to meet the necessary standards to \u201cdirectly provide an end-to-end custody service.\u201d<\/p>\n Ripple\u2019s managing director for the European region, Cassie Craddock, said the European Union\u2019s Markets in Crypto-Assets Regulation (MiCA)<\/a> has encouraged local banks to move forward with initiatives such as BBVA\u2019s. <\/p>\n \u201cBBVA has long been one of the region\u2019s most innovative banks,\u201d she said, with her comments following recent reports that its advisers had told wealthy clients to invest between 3% and 7% of their portfolios in crypto<\/a>.<\/p>\n Banco Bilbao Vizcaya Argentaria headquarters in Bilbao, Spain. Source: <\/em>Wikimedia<\/em><\/a><\/p>\n This is not the first collaboration between the firms. BBVA Switzerland<\/a> decided to move its crypto custody infrastructure to Ripple\u2019s service<\/a> back at the end of 2023, and Turkey<\/a>-based Garanti BBVA adopted<\/a> Ripple\u2019s service in 2024.<\/p>\n Related: <\/strong><\/em>EU lawmakers skeptical of digital euro as ECB renews pitch<\/strong><\/em><\/a><\/p>\n The rollout of MiCA has prompted a wave of traditional banks to enter the crypto sector. Lukas Enzersdorfer-Konrad, the deputy CEO of EU-based crypto exchange Bitpanda, told Cointelegraph in April 2024 that some of the European Union\u2019s largest banks are looking to enter the crypto industry<\/a> as a result of MiCA.<\/p>\n The prediction proved to be right on the money. BBVA\u2019s moves follow early July reports that Germany\u2019s biggest bank, Deutsche Bank, plans to allow its clients to store cryptocurrencies like Bitcoin<\/a> next year.<\/p>\n Related: <\/strong><\/em>Coincheck acquires French crypto company for European expansion<\/strong><\/em><\/a><\/p>\n Deutsche Boerse\u2019s trading unit, Clearstream, is also preparing to launch cryptocurrency custody and settlement<\/a> services for institutional clients this year. Earlier this year, Boerse Stuttgart Digital Custody became Germany\u2019s first crypto asset service provider to receive a full license under<\/a> <\/strong><\/a>MiCA<\/a>.<\/p>\n Standard Chartered, one of the world\u2019s largest banks, also launched its cryptocurrency services in Europe<\/a> after obtaining a digital asset license in Luxembourg in early January.<\/p>\n Magazine: <\/strong><\/em>The one thing these six global crypto hubs all have in common\u2026<\/strong><\/em><\/a><\/p>\n","protected":false},"excerpt":{"rendered":" Ripple, the US blockchain firm behind the XRP cryptocurrency, will provide crypto custody services to Spanish bank Banco Bilbao Vizcaya Argentaria (BBVA). According to a Tuesday announcement, Ripple\u2019s agreement to provide crypto custody services to BBVA follows the bank\u2019s recent announcement of its Bitcoin (BTC) and Ether (ETH) retail trading and custody service. BBVA will […]<\/p>\n","protected":false},"author":1,"featured_media":29387,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/images.cointelegraph.com\/cdn-cgi\/image\/format=auto,onerror=redirect,quality=90,width=1200\/https:\/\/s3.cointelegraph.com\/uploads\/2025-09\/01992dc6-c4ac-7343-9ac8-f597b8226ac2","fifu_image_alt":"","footnotes":""},"categories":[11990],"tags":[1191,19636,6996,686,7944,12193,2935,1610],"class_list":["post-29386","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-crypto-plug","tag-bank","tag-bbva","tag-custody","tag-deal","tag-europe","tag-ripple","tag-spanish","tag-takes"],"rttpg_featured_image_url":{"full":["https:\/\/images.cointelegraph.com\/cdn-cgi\/image\/format=auto,onerror=redirect,quality=90,width=1200\/https:\/\/s3.cointelegraph.com\/uploads\/2025-09\/01992dc6-c4ac-7343-9ac8-f597b8226ac2",0,0,false],"landscape":["https:\/\/images.cointelegraph.com\/cdn-cgi\/image\/format=auto,onerror=redirect,quality=90,width=1200\/https:\/\/s3.cointelegraph.com\/uploads\/2025-09\/01992dc6-c4ac-7343-9ac8-f597b8226ac2",0,0,false],"portraits":["https:\/\/images.cointelegraph.com\/cdn-cgi\/image\/format=auto,onerror=redirect,quality=90,width=1200\/https:\/\/s3.cointelegraph.com\/uploads\/2025-09\/01992dc6-c4ac-7343-9ac8-f597b8226ac2",0,0,false],"thumbnail":["https:\/\/images.cointelegraph.com\/cdn-cgi\/image\/format=auto,onerror=redirect,quality=90,width=1200\/https:\/\/s3.cointelegraph.com\/uploads\/2025-09\/01992dc6-c4ac-7343-9ac8-f597b8226ac2",150,150,false],"medium":["https:\/\/images.cointelegraph.com\/cdn-cgi\/image\/format=auto,onerror=redirect,quality=90,width=1200\/https:\/\/s3.cointelegraph.com\/uploads\/2025-09\/01992dc6-c4ac-7343-9ac8-f597b8226ac2",300,300,false],"large":["https:\/\/images.cointelegraph.com\/cdn-cgi\/image\/format=auto,onerror=redirect,quality=90,width=1200\/https:\/\/s3.cointelegraph.com\/uploads\/2025-09\/01992dc6-c4ac-7343-9ac8-f597b8226ac2",1024,1024,false],"1536x1536":["https:\/\/images.cointelegraph.com\/cdn-cgi\/image\/format=auto,onerror=redirect,quality=90,width=1200\/https:\/\/s3.cointelegraph.com\/uploads\/2025-09\/01992dc6-c4ac-7343-9ac8-f597b8226ac2",1536,1536,false],"2048x2048":["https:\/\/images.cointelegraph.com\/cdn-cgi\/image\/format=auto,onerror=redirect,quality=90,width=1200\/https:\/\/s3.cointelegraph.com\/uploads\/2025-09\/01992dc6-c4ac-7343-9ac8-f597b8226ac2",2048,2048,false],"post-thumbnail":["https:\/\/images.cointelegraph.com\/cdn-cgi\/image\/format=auto,onerror=redirect,quality=90,width=1200\/https:\/\/s3.cointelegraph.com\/uploads\/2025-09\/01992dc6-c4ac-7343-9ac8-f597b8226ac2",370,265,false],"kava-thumb-s":["https:\/\/images.cointelegraph.com\/cdn-cgi\/image\/format=auto,onerror=redirect,quality=90,width=1200\/https:\/\/s3.cointelegraph.com\/uploads\/2025-09\/01992dc6-c4ac-7343-9ac8-f597b8226ac2",150,85,false],"kava-thumb-s-2":["https:\/\/images.cointelegraph.com\/cdn-cgi\/image\/format=auto,onerror=redirect,quality=90,width=1200\/https:\/\/s3.cointelegraph.com\/uploads\/2025-09\/01992dc6-c4ac-7343-9ac8-f597b8226ac2",230,230,false],"kava-thumb-m":["https:\/\/images.cointelegraph.com\/cdn-cgi\/image\/format=auto,onerror=redirect,quality=90,width=1200\/https:\/\/s3.cointelegraph.com\/uploads\/2025-09\/01992dc6-c4ac-7343-9ac8-f597b8226ac2",400,400,false],"kava-thumb-m-vertical":["https:\/\/images.cointelegraph.com\/cdn-cgi\/image\/format=auto,onerror=redirect,quality=90,width=1200\/https:\/\/s3.cointelegraph.com\/uploads\/2025-09\/01992dc6-c4ac-7343-9ac8-f597b8226ac2",370,500,false],"kava-thumb-m-2":["https:\/\/images.cointelegraph.com\/cdn-cgi\/image\/format=auto,onerror=redirect,quality=90,width=1200\/https:\/\/s3.cointelegraph.com\/uploads\/2025-09\/01992dc6-c4ac-7343-9ac8-f597b8226ac2",570,450,false],"kava-thumb-l":["https:\/\/images.cointelegraph.com\/cdn-cgi\/image\/format=auto,onerror=redirect,quality=90,width=1200\/https:\/\/s3.cointelegraph.com\/uploads\/2025-09\/01992dc6-c4ac-7343-9ac8-f597b8226ac2",1170,650,false],"kava-thumb-xl":["https:\/\/images.cointelegraph.com\/cdn-cgi\/image\/format=auto,onerror=redirect,quality=90,width=1200\/https:\/\/s3.cointelegraph.com\/uploads\/2025-09\/01992dc6-c4ac-7343-9ac8-f597b8226ac2",1920,1080,false],"kava-thumb-masonry":["https:\/\/images.cointelegraph.com\/cdn-cgi\/image\/format=auto,onerror=redirect,quality=90,width=1200\/https:\/\/s3.cointelegraph.com\/uploads\/2025-09\/01992dc6-c4ac-7343-9ac8-f597b8226ac2",600,999,false],"kava-thumb-justify":["https:\/\/images.cointelegraph.com\/cdn-cgi\/image\/format=auto,onerror=redirect,quality=90,width=1200\/https:\/\/s3.cointelegraph.com\/uploads\/2025-09\/01992dc6-c4ac-7343-9ac8-f597b8226ac2",640,640,false],"kava-thumb-justify-2":["https:\/\/images.cointelegraph.com\/cdn-cgi\/image\/format=auto,onerror=redirect,quality=90,width=1200\/https:\/\/s3.cointelegraph.com\/uploads\/2025-09\/01992dc6-c4ac-7343-9ac8-f597b8226ac2",1280,640,false]},"rttpg_author":{"display_name":"#RiseCelestialStudios","author_link":"https:\/\/design-providers.com\/rise\/author\/ralph-c\/"},"rttpg_comment":0,"rttpg_category":"CRYPTO PLUG<\/a>","rttpg_excerpt":"Ripple, the US blockchain firm behind the XRP cryptocurrency, will provide crypto custody services to Spanish bank Banco Bilbao Vizcaya Argentaria (BBVA). According to a Tuesday announcement, Ripple\u2019s agreement to provide crypto custody services to BBVA follows the bank\u2019s recent announcement of its Bitcoin (BTC) and Ether (ETH) retail trading and custody service. BBVA will…","_links":{"self":[{"href":"https:\/\/design-providers.com\/rise\/wp-json\/wp\/v2\/posts\/29386","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/design-providers.com\/rise\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/design-providers.com\/rise\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/design-providers.com\/rise\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/design-providers.com\/rise\/wp-json\/wp\/v2\/comments?post=29386"}],"version-history":[{"count":1,"href":"https:\/\/design-providers.com\/rise\/wp-json\/wp\/v2\/posts\/29386\/revisions"}],"predecessor-version":[{"id":29388,"href":"https:\/\/design-providers.com\/rise\/wp-json\/wp\/v2\/posts\/29386\/revisions\/29388"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/design-providers.com\/rise\/wp-json\/wp\/v2\/media\/29387"}],"wp:attachment":[{"href":"https:\/\/design-providers.com\/rise\/wp-json\/wp\/v2\/media?parent=29386"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/design-providers.com\/rise\/wp-json\/wp\/v2\/categories?post=29386"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/design-providers.com\/rise\/wp-json\/wp\/v2\/tags?post=29386"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}MiCA driving adoption among European banks<\/h2>\n