Ripple Labs Inc. is expanding in Spain through a partnership with BBVA to meet the growing demand for cryptocurrencies. BBVA customers can now buy, sell, and hold crypto-assets within the bank’s digital banking environment. This move signals traditional banks’ increasing interest in crypto, driven by EU regulations like MiCA. Binance has also partnered with BBVA to offer crypto custody solutions, aiming to restore confidence in centralized services. Ripple’s Custody service ensures secure access to digital assets for financial institutions like BBVA, complying with strict security and regulatory standards. The partnership with South Korean BDACS earlier this year marked Ripple’s commitment to providing secure custodial infrastructure for institutional players in the crypto market, focusing on tokenized securities and real-world asset tokenization.

Read more at Yahoo Finance: Ripple Taps BBVA to Expand Custody Services to Spain