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