09.09.2025 10:12
Here's a rewritten version of the news article, incorporating varied sentence structures and enriched language, while omitting the original source and instead referring to "internet sources":
Bolstering its European presence, Ripple is venturing into Spain through a collaborative endeavor with BBVA, according to internet sources. This strategic move signifies another stride in Ripple's commitment to providing institutional-grade digital asset solutions throughout the continent.
As announced in a press release from BBVA on Monday, this alliance, which also includes IBM, will see BBVA incorporate Ripple’s sophisticated digital asset custody technology into its recently unveiled retail platform. This platform empowers BBVA customers to engage in the buying, selling, and secure holding of prominent cryptocurrencies such as Bitcoin and Ether.
Building upon a successful pilot initiative conducted in 2023, BBVA is now amplifying the service through its Turkish subsidiary, Garanti BBVA Kripto, which has already introduced a fully regulated digital asset trading platform. This platform reportedly supports over 14,000 users with access to a diverse range of digital assets, including Bitcoin (BTC), Ether (ETH), USD Coin (USDC), Avalanche (AVAX), Chiliz (CHZ), XRP, Arbitrum (ARB), and Solana (SOL).
Ripple is providing the custody services, while IBM is supplying a secure infrastructure. The impetus behind this expansion, according to Korcan Abalı, CEO and board member of Garanti BBVA Kripto, is the heightened demand from their customer base. He emphasized that the collaboration with Ripple and IBM assures them of secure custody, robust governance, and compliant processes.
Işıl Kılınç Gürtuna, IBM’s Türkiye general manager, stated that the American firm will deliver state-of-the-art infrastructure solutions specifically designed for the custody business.
According to Ripple executive and Europe managing director Cassie Craddock, the implementation of the EU’s Market in Crypto Assets (MiCA) regulation has fostered a more conducive atmosphere for Garanti BBVA.
