Ripple Partners with BBVA to Boost Spanish Crypto Adoption

Renowned cryptocurrency payment services platform Ripple has taken a step to expand its footprint in Spain by collaborating with Spanish banking giant BBVA. Notably, BBVA recently introduced crypto trading and custody services for its retail customers in July 2025.

This partnership comes a few days after Ripple made a significant move to partner with African-based Chipper Cash, VALR, and Yellow Card to launch its USD-backed stablecoin, RLUSD, in the African crypto and financial markets. 

Ripple Expands to Spain

Following its partnership with the second-largest Spanish bank, Ripple will provide its crypto custody technology to BBVA. This will enable it to offer scalable and secure storage for tokenized assets and cryptocurrencies.

Commenting on the partnership, Cassie Craddock, one of Ripple’s European executives, said, 

“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 that their customers are asking for. BBVA has long been one of the region’s most innovative banks, and we’re proud to support its ambitions with the most secure and compliant digital asset technology on the market.”

Prior to the strategic partnership, BBVA had collaborated with Bitstamp to offer a seamless crypto experience by allowing its retail customers to buy, sell, and hold bitcoin and ether directly on its mobile app. Thus, the partnership with Ripple would enable the bank to meet customer demands for stringent security and compliance with regulatory requirements. 

Ripple Progresses to the Middle East

In a recent move to expand its reach, Ripple has also entered a partnership with the UAE-based tokenization platform, Ctrl Alt. Notably, the coalition aims to “support the Dubai Land Department’s (DLD) Real Estate Tokenization Project,” marking the first time a government real estate authority will embrace a public blockchain to tokenize real estate assets. 

Meanwhile, after years of regulatory clashes with the U.S. SEC, Ripple now enjoys relative freedom of operation as both parties have dropped their appeals to end the legal battle. This regulatory success has pushed the price of Ripple’s native token, XRP, upwards as investors have displayed renewed confidence in the cryptocurrency. 

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