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BBVA Integrates Ripple Custody to Power Retail Crypto in Spain Under MiCA

The bank will use Ripple’s Metaco‑derived platform for in‑app custody of Bitcoin and Ether following disclosure to Spain’s CNMV.

Overview

  • BBVA said the integration enables a direct, end‑to‑end custody service for Spanish retail clients, according to digital assets head Francisco Maroto.
  • The move expands earlier BBVA deployments of Ripple’s custody technology in Switzerland and Turkey under the EU’s MiCA framework.
  • Customers can buy, sell, and hold bitcoin and ether within BBVA’s mobile app, with the service notified to Spain’s securities regulator CNMV.
  • Ripple highlights more than 60 regulatory licenses and registrations globally as it courts banks adopting institutional crypto infrastructure.
  • Some reports suggest potential XRP support, but current confirmations focus on Bitcoin and Ether only.