Ripple is expanding its relationships with banks in Europe through a new agreement with BBVA in Spain. This partnership will allow BBVA to incorporate Ripple’s digital asset custody technology into its recently launched retail platform for trading and holding bitcoins and ethers.

This move comes as banks in Europe adapt to the Market in Crypto Assets (MiCA) regulation, which creates a framework for offering digital asset services across the EU.

Cassie Craddock, Ripple’s managing director for Europe, stated: “Now that MiCA is established, the region’s banks are emboldened to launch the digital asset offerings that their customers are asking for.”

Ripple Custody emerged from the company’s acquisition of the Swiss crypto custody expert, Metaco, which was previously partnered with BBVA.

Francisco Maroto, BBVA’s head of digital assets, remarked: “This integration allows us to directly provide an end-to-end custody service with the security our customers expect from a major financial institution.”

The partnership extends Ripple’s prior work with BBVA, which already utilizes its custody technology in Switzerland and Turkey. For Ripple, Spain represents another strategic position in Europe’s regulated digital asset market.