Ripple Secures BBVA Partnership to Expand Crypto Custody as Analysts Eye XRP Rally
Ripple, the company behind the world’s third-largest cryptocurrency, , has entered a new partnership with Spain’s Banco Bilbao Vizcaya Argentaria (BBVA).
According to an released earlier today, Ripple will provide crypto custody services for the bank’s holdings.
This development follows BBVA’s acquisition of BTC (BTC) and Ether (ETH), as well as its broader entry into the cryptocurrency market. The bank is now opening digital assets to retail investors, enabling them to purchase, trade, and hold cryptocurrencies directly—supported by Ripple’s infrastructure.
Ripple emphasized that the initiative complies with Spain’s National Securities Market Commission (CNMV) and aligns with the European Union’s Markets in Crypto-Assets (MiCA) framework.
Francisco Maroto, BBVA’s head of digital assets, described the deal as a strategic step toward meeting the bank’s long-term goals.
“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,” he said.
Cassie Craddock, Ripple’s managing director for Europe, added that MiCA has been central to the partnership’s success.
“Now that the EU’s Markets in Crypto-Assets regulation (MiCA) is established across Europe, the region’s banks are emboldened to launch the digital asset offerings their customers are asking for,” she noted.
The partnership is not Ripple’s first collaboration with BBVA. The bank’s Swiss branch previously worked with Metaco, a Ripple-owned technology company, while Garanti BBVA in Turkey has also launched similar initiatives.
Building Momentum in the Crypto Ecosystem
Ripple now holds more than 60 regulatory licenses worldwide as it continues to expand its global footprint. Recently, the company , securing partnerships with regulated local cryptocurrency firms.
Similarly, , a Singapore-based payments company, to integrate global payment answers into its blockchain infrastructure.
Market analysts view these moves as a sign of growing momentum for XRP. On September 9, Finance Feeds analyst Jerome Greenspan predicted that XRP could rally significantly.
“XRP could rise first to $3.65, then potentially $4.29. The real momentum may come in October when deadlines for XRP ETF approvals approach,” Greenspan forecast.
If Ripple’s global expansion continues, it could significantly strengthen XRP’s position in the market.
