Ripple announced a partnership agreement with BBVA to supply digital asset custody technology to the Spanish bank, supporting the bank’s recently launched cryptocurrency trading service for retail customers.
The agreement enables BBVA to utilize Ripple Custody, the company’s institutional-grade self-custody platform, to deliver secure digital asset custody services for Bitcoin and Ether transactions in Spain. The technology integration supports BBVA’s crypto trading service that became available to Spanish retail customers in July following regulatory approval under the European Union’s Markets in Crypto-Assets regulation.
“Ripple’s custody solution allows us to leverage proven and trusted technology that meets the highest security and operational standards, allowing BBVA to directly provide an end-to-end custody service to its customers,” said Francisco Maroto, Head of Digital Assets at BBVA.
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