Ripple Renews Custody Pact With Garanti BBVA Kripto in Turkey

Overview

• Garanti BBVA Kripto will keep using Ripple’s institutional custody to secure Bitcoin, Ethereum and XRP for customers.
• The custody stack leverages Ripple’s 2023 Metaco acquisition with governance tied to IBM’s LinuxONE hardware security modules.
• The renewed arrangement follows a late-2024 rollout that grew from a Ripple- and IBM-backed pilot with roughly 14,000 early adopters.
• Ripple characterized the extension as a vote of confidence in secure, compliant digital-asset infrastructure, according to executive Reece Merrick.
• Separately, Luxembourg’s CSSF issued Ripple a “Green Light Letter” toward an EMI license, a preliminary step that still requires final authorization before any EEA passporting.