BBVA Implements Ripple Custody for XRP: A Step Towards Regulatory Compliance and Institutional Adoption

Ripple has strengthened its presence in the European banking sector by collaborating with BBVA, a prominent Spanish financial institution, to offer regulated XRP asset custody products within Spain. This move is fueled by the introduction of the EU Markets in Crypto-Assets (MiCA) framework, which provides regulatory clarity and paves the way for traditional institutions to participate in the burgeoning digital asset space. As MiCA becomes operational, Ripple’s services solidify their position as a key player in this evolving landscape.