Ripple Labs has taken another step in strengthening its presence in Europe by partnering with Spanish banking leader BBVA. The collaboration introduces a new digital asset custody service. It is designed to give customers in Spain secure and direct access to cryptocurrencies and tokenized assets. Expanding Ripple’s Custody Platform into Spain Ripple and BBVA have teamed up to bring a new digital asset custody service to Spain. Announced on September 9, this service gives customers safe and direct access to cryptocurrencies and tokenized assets. With Ripple’s technology, BBVA can now safely store and manage digital assets under strict rules and strong security. This partnership allows the bank to expand its crypto services while following regulations and earning customer trust. BBVA has also launched trading services for Ethereum (ETH) and Bitcoin (BTC) in Spain, letting customers buy, sell, and hold these coins directly through the bank’s mobile app. This removes the need for third-party platforms and keeps customers in full control of their transactions. BBVA and Ripple Launch Crypto Services in Spain with Full Compliance To follow the law, BBVA has reported its new service to Spain’s National Securities Market Commission. The bank stressed that its project follows the European Union’s Markets in Crypto-Assets (MiCA) rules, which set clear standards for digital asset services. Ripple’s European team noted that MiCA has made banks more confident about offering digital asset products. BBVA leaders agreed, saying the partnership allows them to provide full crypto services, from storage to trading. The head of BBVA’s digital asset unit said Ripple’s custody system gives the safety and reliability needed to build customer trust. He added that the deal helps the bank guide clients into the digital asset market while protecting its strong reputation. Ripple and BBVA Build on Past Crypto Collaborations This is not the first time Ripple and BBVA have joined forces. They have worked together before in Turkey and Switzerland on digital asset projects. These countries already have clear crypto rules , which makes it easier for banks and crypto companies to create new services and grow. In 2023, BBVA’s Swiss branch worked with Ripple-owned Metaco to establish its digital asset operations. This laid the foundation for today’s broader expansion in Spain. The pro-crypto finance institution has positioned itself as a leading bank in the adoption of blockchain technology, thus making it easier for its customers to invest in this new digital world. With this latest development, Ripple and BBVA are setting the stage for more European banks to bring digital asset services directly to their customers. The post Ripple Strengthens EU Presence with BBVA Crypto Custody Deal appeared first on TheCoinrise.com .
