Ripple has expanded its partnership with Spanish banking giant BBVA to provide digital asset custody services for Bitcoin and Ethereum to retail customers in Spain.
This move, which leverages Ripple’s Custody platform, builds on their existing collaborations in other regions and is a response to the regulatory clarity provided by Europe’s MiCA framework. This collaboration, which began in 2017 with cross-border payments, highlights Ripple’s growing role in helping major financial institutions adopt compliant digital asset services
This highlights Ripple’s broader strategic moves, including the expansion of its U.S. dollar-backed stablecoin, Ripple USD (RLUSD). Launched in late 2024, RLUSD has a supply of over $700 million and is being rolled out in Africa through partnerships with fintech companies like Chipper Cash and VALR.
Ripple is also expanding its influence by moving its stablecoin strategy into real-world applications, such as a climate risk insurance pilot in Kenya. Other banks, including Germany’s DZ Bank and Liechtenstein’s VP Bank, are also partnering with Ripple, further demonstrating the company’s position as a key bridge between traditional finance and blockchain technology.
Image Credit: Pixabay
Keep in mind that we may receive commissions when you click our links and make purchases. However, this does not impact our reviews and comparisons. We try our best to keep things fair and balanced, in order to help you make the best choice for you.
