September 14th• 3 min read
Ripple Secures Major EU Banking Win with BBVA Spain
Ripple expands its European footprint through a custody partnership with BBVA Spain, leveraging EU's MiCA regulations to power the bank's retail crypto services for 77 million customers.
Key takeaways
🏦 Major Bank Integration: BBVA Spain adopts Ripple's institutional custody technology to secure Bitcoin and Ether holdings for retail customers.
🇪🇺 MiCA Compliance: Partnership operates under EU's Markets in Crypto-Assets regulation, providing regulatory clarity for digital asset services.
📈 Institutional Validation: Extends Ripple's existing relationships with BBVA Switzerland and Turkey, cementing its position in European banking.
🔗 Infrastructure Play: Banks increasingly choosing to build in-house crypto services using established providers rather than third-party solutions.
Deep dive
Ripple's expanded partnership with BBVA represents a significant milestone in traditional banking's crypto adoption under Europe's MiCA framework.
The Spanish bank, serving 77.2 million customers, will integrate Ripple Custody technology into its recently launched Bitcoin and Ether trading platform.
This move follows BBVA's July 2025 crypto service launch and builds on existing Ripple deployments in Switzerland and Turkey.
The partnership signals growing confidence among European banks to offer regulated crypto services, with MiCA providing the regulatory foundation for institutional-grade custody solutions.
For Ripple, this represents another validation of its strategy to become the infrastructure backbone for traditional financial institutions entering crypto markets.
Polaris insights AI-generated
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