Ripple has solidified its foothold in Turkey by renewing its institutional custody partnership with Garanti BBVA Kripto. This collaboration focuses on using Ripple Custody to secure a range of digital assets, including XRP, Bitcoin, and Ethereum, for its clients.
Turkey”s high rate of cryptocurrency adoption makes it a crucial market for regulated financial services. By renewing this custody agreement, Ripple emphasizes its commitment to providing secure infrastructure within the Turkish market.
The updated partnership centralizes Ripple”s institutional custody technology to ensure asset protection for both retail and institutional clients. With millions of users relying on Garanti BBVA Kripto for compliant access to digital assets, the renewal signifies a move towards stability rather than experimentation.
Ripple”s custody solutions are designed for scalability, allowing Garanti BBVA Kripto to maintain control over client relationships and regulatory compliance. This collaboration underscores a shared focus on security, operational transparency, and readiness for institutional engagement.
Technically, the partnership leverages Ripple Custody, integrated with IBM-backed infrastructure. This setup employs advanced encryption and Hardware Security Modules, along with a governance model that mitigates single points of failure. As larger players enter the cryptocurrency space, Garanti BBVA Kripto is positioned to provide bank-grade asset protection while allowing flexibility for transfers and settlements.
Turkey”s unique economic landscape, characterized by persistent inflation and currency pressures, has propelled interest in cryptocurrency solutions among tech-savvy users. Consequently, banks are increasingly seeking regulated infrastructures rather than relying on informal platforms.
The renewal of this agreement further cements XRP“s status as a trusted asset among institutions in emerging markets. Financial institutions in similar regions are actively searching for compliant tools that can seamlessly integrate with their existing operations. Ripple”s collaboration with Garanti BBVA Kripto places its technology within a regulated banking context, enhancing credibility with institutional stakeholders.
This partnership aligns with Ripple”s broader vision for 2026, aiming to serve as a global provider of custody and banking infrastructure. The company has already implemented similar custody frameworks with BBVA entities in Spain and Switzerland. Such coordination across the banking group promotes operational consistency and streamlines internal processes for cross-border transactions.
In a related development, Ripple announced an alliance with DXC Technology, integrating Ripple Custody with the Hogan core banking platform. This integration aims to reduce technical barriers for large banking institutions seeking to support digital assets without overhauling their internal systems. Through these initiatives, Ripple positions itself as an infrastructure supplier rather than a retail-focused brand.
Garanti BBVA Kripto continues to expand its asset offerings in response to growing client demand. Following the launch of a crypto pilot in 2023, the platform has added USDC, AVAX, and SOL to its offerings alongside core assets like XRP, Bitcoin, and Ethereum. This expansion reflects a strategic approach within a regulated framework, responding to the evolving needs of the market.
