Ripple has announced a partnership with BBVA, one of the leading banks in the world, to implement its Ripple Custody service for retail clients in Spain. This step represents an important milestone in the development of infrastructure for the storage and trading of crypto assets.
Implementation of Ripple Custody at BBVA
BBVA has started a full commercial rollout of Ripple Custody for its clients in Spain. The bank will now utilize this technology to bolster its crypto trading and custody services for retail customers. In a statement on September 9, 2025, Ripple confirmed that BBVA would rely on Ripple Custody for these services.
Ripple's Expansion as an Infrastructure Provider
The deal with BBVA highlights Ripple's strategic evolution as a multi-product infrastructure provider for global banks. While the company was known for its transaction solutions, it is now striving to offer a wide range of services, including secure digital asset custody. Notably, Ripple already supports custody operations for Garanti BBVA in Turkey.
Implications for XRP Holders
While BBVA's initiative focuses on the custody of Bitcoin and Ether, it also represents an important signal for XRP investors. Recognition of Ripple as a trusted partner for supporting the banking sector enhances confidence in the company's ecosystem and the potential of XRP as a settlement layer in the future. As Ripple Van Winkle noted, 'Ripple builds the rails, and XRP is the bridge.'
The launch of Ripple Custody for BBVA marks a significant step towards the tokenization of financial markets and could significantly impact the further development of decentralized finance. If other banks follow this model, the cryptocurrency market may quickly expand.
