Garanti BBVA Kripto Renews and Expands Custody Partnership with Ripple
Garanti BBVA Kripto confirmed it has renewed and expanded its custody partnership with Ripple, the blockchain payments firm associated with XRP. The deal extends existing custody arrangements and appears aimed at scaling custody services for institutional and high-net-worth clients, reinforcing the bank’s role in Turkey’s growing crypto market.
The expansion matters because it signals continued institutional interest in onshore crypto services and could improve access to secure XRP custody for local investors and corporate clients. For Ripple and XRP, deeper ties with a major Turkish bank add distribution and credibility in an important emerging market. While regulatory and market dynamics will shape uptake, the partnership underscores banks’ cautious but steady move into custody and custody-related services for tokenized assets.