BBVA Adopts Ripple Technology: A Big Step Toward Digital Asset Services

Jakarta, Pintu News – BBVA, the second largest bank in Spain, recently announced a partnership with Ripple to implement digital asset storage technology.

The partnership is part of BBVA’s newly launched crypto trading and storage services for retail customers, covering Bitcoin (BTC), Ethereum (ETH) and other tokenized assets.

The move marks a significant change from BBVA’s stance in 2017, when the bank deemed Ripple’s technology not ready for practical use.

Strategic Partnership with Ripple

BBVA will integrate Ripple Custody, a self-storage platform designed specifically for institutions. The platform offers scalable and secure infrastructure, helping financial institutions meet the stringent operational, regulatory, and security requirements of managing crypto assets.

The partnership strengthens the long-term collaboration between Ripple and BBVA, which has previously involved implementations at Garanti BBVA in Turkey and BBVA Switzerland. Case Craddock, Ripple’s Managing Director for Europe, stated that with the Market in Crypto Assets (MiCA) regulation by the European Union, banks can now launch digital asset services that their customers demand.

Ripple’s storage technology provides a secure and compliant solution, which is exactly what an innovative bank like BBVA needs.

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Ripple Technology Transformation

In 2017, BBVA’s internal sources revealed that Ripple’s technology had not met the operational standards required by the bank for banking applications. Concerns about the reliability and suitability of the protocol for settlement purposes were top of mind. However, after several years of development, BBVA now considers that Ripple technology has matured and is ready to be implemented in real-world applications.

Francisco Maroto, Head of Digital Assets at BBVA, emphasized that the platform enables banks to offer end-to-end digital asset storage services to their customers. With the security backing of a bank like BBVA, customers can feel more secure in transacting and storing their digital assets.

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Benefits for BBVA Customers

With the adoption of Ripple’s technology, BBVA can provide more extensive and integrated services for customers looking to invest in the crypto market. These services include not only trading but also digital asset storage, providing security and convenience for customers. This is an important step in the evolution of financial services, where conventional banks are beginning to enter the arena previously dominated by specialized crypto platforms.

BBVA customers now have access to integrated trading and custody services, allowing them to invest and manage their digital asset portfolios more efficiently. The confidence provided by a secure infrastructure and clear regulation provides significant added value in BBVA’s services.

Conclusion

The partnership between BBVA and Ripple marks a new era in the provision of secure and trusted digital financial services. With evolving technology and regulatory support, BBVA is poised to lead the market in providing innovative and comprehensive digital asset services. This move not only benefits customers but also establishes BBVA as a leader in digital financial innovation.

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This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities have high risk and volatility, always do your own research and use cold cash before investing. All activities of buying and selling bitcoin and other crypto asset investments are the responsibility of the reader.

Reference

• Coinpedia. XRP News: After Calling it Unsuitable in 2017, BBVA Rolls Out Ripple-Powered Custody. Accessed on September 10, 2025
• Featured Image: BBVA