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The post Garanti BBVA Has Extended Its Custody Partnership With Ripple appeared on BitcoinEthereumNews.com. Garanti BBVA Kripto is extending its custody relationshipThe post Garanti BBVA Has Extended Its Custody Partnership With Ripple appeared on BitcoinEthereumNews.com. Garanti BBVA Kripto is extending its custody relationship

Garanti BBVA Has Extended Its Custody Partnership With Ripple

Author: BitcoinEthereumNews
Source: BitcoinEthereumNews
2026/01/24 06:05
3 min read
  • Garanti BBVA Kripto is extending its custody relationship with Ripple.
  • The bank uses Ripple’s technology for secure transfer and storage of crypto assets.
  • Ripple is focusing on expanding its regulatory footprint and mainstream adoption.

According to Ripple’s Senior Executive Officer, Reece Merrick, Garanti BBVA Kripto, the crypto subsidiary of Garanti BBVA, is extending its custody relationship with Ripple.

Ripple Offers Secure Transfer and Storage of Crypto Assets

Merrick made the statement on X, noting that the leading Turkish bank will continue to leverage the firm’s custody technology to offer crypto services to its millions of retail customers. Some of the services Merrick cited that Garanti BBVA Kripto could offer using Ripple’s custody technology include secure transfers and storage for major crypto assets, including XRP, BTC, and ETH.

In the meantime, Merrick considers Garanti BBVA Kripto’s extension of the custody relationship a vote of confidence in the joint vision of both parties for secure, compliant digital asset infrastructure. It also highlights Ripple’s growing status as a mainstream technology with an evolving digital asset ecosystem with improved regulatory clarity across various jurisdictions.

Ripple is Focusing on Institutional Adoption in 2026

It is worth noting that Ripple has transitioned from legal, post-SEC settlement recovery to institutional adoption since the beginning of 2026. Ripple is now focused on expanding its regulatory footprint and increasing adoption of its stablecoin.

Besides the latest announcement by Merrick, Ripple recently secured approval from the UK FCA, including an Electronic Money Institution (EMI) license, allowing it to expand payment services in the region. The Fintech company also received conditional approval from the U.S. Office of the Comptroller of the Currency (OCC) to establish a national trust bank.

Additionally, the Financial Services Regulatory Authority (FSRA) has recognized Ripple’s RLUSD stablecoin as an accepted Fiat-Referenced Token within the Abu Dhabi Global Market (ADGM). This development enables FSRA-licensed firms to use RLUSD for regulated activities, including payments and settlements.

The above-listed achievements, and more, highlight Ripple’s growing dominance in the mainstream financial sector. It forms a fundamental index for future growth, alongside the potential adoption of the firm’s integral elements, including XRP and RLUSD. 

Related: Binance to List Ripple’s RLUSD With Zero Trading Fees Promotion

Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.

Source: https://coinedition.com/garanti-bbva-has-extended-its-custody-partnership-with-ripple/

Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact service@support.mexc.com for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.

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