Overview

• BBVA will integrate Ripple’s institutional-grade custody into its newly launched service for trading and holding bitcoin and ether in Spain.
• BBVA’s head of digital assets said the setup lets the bank directly deliver an end-to-end custody service under its own security framework.
• Ripple’s Europe chief said MiCA has emboldened banks to introduce the crypto products customers have been requesting.
• Ripple Custody originates from Ripple’s acquisition of Swiss provider Metaco and is supported by more than 60 regulatory licenses worldwide.
• The agreement extends an existing partnership already in use at BBVA operations in Switzerland and Turkey.