BBVA said it has disclosed the new retail offering to Spain’s National Securities Market Commission (CNMV).
Ripple’s European managing director, Cassie Craddock, said these developments reflect the market impact of MiCA among traditional European banks. With MiCA now in place, she explained, banks across the bloc feel more confident about launching digital asset services that customers have requested.
BBVA executives echoed this sentiment, while adding that the partnership allows the bank to expand its end-to-end crypto services
Francisco Maroto, who leads BBVA’s digital asset unit, noted that Ripple’s custody system offers the operational reliability and security needed to build customer trust.
He added:
“Through this agreement we can deliver on our goal of supporting our customers to explore digital assets, backed by the strength and security of a bank like BBVA.”
This collaboration follows earlier projects between Ripple and BBVA in Turkey and Switzerland.
