TL;DR
- Ripple renewed its institutional custody partnership with Garanti BBVA Kripto in Turkey.
- The partnership uses Ripple Custody to secure XRP, Bitcoin, and Ethereum for clients.
- Turkey’s high crypto adoption makes it a key market for regulated services.
Ripple reinforces its footprint in Turkey after renewing a custody partnership with Garanti BBVA Kripto, the digital asset unit of Garanti BBVA. The updated agreement keeps Ripple’s institutional custody infrastructure at the center of asset protection for XRP, Bitcoin, and Ethereum, serving both retail and institutional clients. Turkey ranks among the most active crypto markets worldwide, and regulated platforms continue to attract strong demand across the country.
Garanti BBVA Kripto now supports millions of users who rely on compliant access to digital assets. The renewal confirms continuity rather than experimentation. Ripple supplies custody tools designed for scale, while the bank maintains direct control over client relationships and regulatory obligations. The arrangement reflects a shared priority around security, operational clarity, and institutional readiness.
At the technical level, the partnership relies on Ripple Custody, deployed alongside IBM-backed infrastructure. The setup combines advanced encryption, Hardware Security Modules, and a governance model that removes single points of failure. Garanti BBVA Kripto delivers bank-grade asset protection while preserving flexibility for transfers and settlement, a requirement that grows more relevant as larger players enter crypto markets.
Turkey stands out as a key market for regulated crypto services
Turkey presents a unique backdrop for digital asset adoption. Persistent inflation, currency pressure, and a large base of tech-savvy users drive steady interest in crypto products. Banks increasingly look for regulated infrastructure rather than informal platforms.
The renewed agreement also strengthens XRP’s role as an institutionally supported asset in emerging markets. Banks across similar regions search for compliant tools that integrate with existing operations. Ripple’s presence inside Garanti BBVA Kripto places its technology within a regulated banking environment, reinforcing credibility among institutional participants.
The deal fits into Ripple’s broader effort to operate as a global provider of custody and banking infrastructure during 2026. Ripple has already deployed comparable custody frameworks with BBVA entities in Spain and Switzerland. Such alignment across the banking group creates operational consistency and simplifies internal processes for cross-border services.
On January 21, 2026, Ripple announced a separate alliance with DXC Technology, integrating Ripple Custody with the Hogan core banking platform. The integration reduces technical friction for large banks that want digital asset support without rebuilding internal systems. Together, partnerships of this type show Ripple acting as an infrastructure supplier rather than a retail-facing brand.
Garanti BBVA Kripto continues to widen asset coverage as client demand grows. Since launching a crypto pilot during 2023, the platform has added USDC, AVAX, and SOL alongside core assets such as XRP, Bitcoin, and Ethereum. The broader selection reflects measured expansion within a regulated framework.
