Ripple Extends Custody Deal with Garanti BBVA Crypto, Strengthening XRP’s Institutional Footprint in Turkey Ripple has marked a new milestone in its global expansion by renewing its custody partnership with Garanti BBVA Crypto, a leading Turkish digital asset platform. Highlighted by BankXRP, this move reinforces Ripple’s growing role in institutional-grade crypto infrastructure and strengthens XRP’s real-world utility. Reece Merrick, Ripple’s Managing Director for the Middle East and Africa, confirmed that Ripple’s custody platform will continue securing XRP, Bitcoin (BTC), and Ethereum (ETH) for millions of retail users in Turkey. This renewal cements Ripple’s role as a core infrastructure provider in one of the world’s most active crypto markets. Separately, Ripple has partnered with DXC Technology to deliver enterprise-grade digital asset custody and real-time cross-border payment solutions to global banks, expanding its institutional footprint. Turkey has become a global crypto hub, fueled by high inflation, currency instability, and a tech-savvy population seeking financial alternatives. By deepening its partnership with Garanti BBVA Crypto, Ripple is capitalizing on this demand with enterprise-grade custody solutions that meet rigorous regulatory and security standards. At the same time, Ripple’s collaboration with UC Berkeley aims to fast-track institutional XRP adoption through cutting-edge academic research and innovation. Ripple Custody serves banks, financial institutions, and crypto-native firms with secure storage, seamless transfers, and enterprise-grade reliability. For Garanti BBVA Crypto, backed by Turkey’s second-largest private bank, deepening this integration boosts trust, scalability, and service quality for retail investors holding and trading major digital assets. More broadly, the partnership strengthens XRP’s real-world utility. Supporting XRP on a regulated, bank-backed custody platform positions it as a credible financial instrument, not just a speculative token, and advances Ripple’s strategy to embed XRP into compliant financial systems, especially in emerging markets with growing demand for efficient digital and cross-border payments. From an institutional standpoint, the renewal underscores growing confidence in Ripple’s technology and long-term viability. As regulatory clarity improves and banks expand into blockchain-based services, Ripple’s custody platform is emerging as a secure gateway for traditional finance to enter the digital asset economy. BankXRP’s spotlight on the deal highlights its broader significance beyond short-term price movements. While markets often fixate on volatility, partnerships like this reveal the structural progress that ultimately drives real-world adoption. In a climate where trust, compliance, and security are critical, Ripple’s renewed custody partnership with Garanti BBVA Crypto is more than a routine extension, it is a strategic endorsement of Ripple’s enterprise-grade infrastructure and a tangible step toward deeper integration of XRP into mainstream financial services. Conclusion Ripple’s new custody partnership with Garanti BBVA Kripto advances mainstream crypto adoption in Turkey, offering secure, compliant storage for XRP, Bitcoin, and Ethereum. The collaboration strengthens XRP’s real-world utility within a regulated, bank-backed framework, boosting confidence from traditional finance and positioning Ripple as a key player in integrating digital assets into established financial systems.
