Ripple Partners with BBVA to Launch Digital Asset Custody Service in Spain
- On Sept. 9, Ripple announced a partnership with BBVA to introduce a digital asset custody service in Spain.
- The service allows BBVA to securely store and manage cryptocurrencies and tokenized assets.
- BBVA is now offering retail services for Bitcoin and Ethereum trading through its mobile app.
- The initiative complies with the EU’s Markets in Crypto-Assets (MiCA) law, ensuring regulatory adherence.
- Francisco Maroto of BBVA stated that the partnership enhances customer trust through operational reliability and security.
This collaboration marks a significant step for Ripple as it expands its reach within Europe, reflecting increasing confidence among banks to launch digital asset services post-MiCA implementation.
With this new custody service, BBVA aims to meet growing customer demand for direct access to crypto assets, further solidifying its position in the digital finance landscape.(Source)
