Garanti BBVA Crypto has announced a strategic partnership with IBM and Ripple for the custody solutions of its crypto asset trading platform. The bank, which serves over 14,000 users, will be expanding this service to its entire customer base after a successful pilot in 2023. By leveraging technology partnerships, Garanti BBVA aims to deliver high performance, security, and customer trust. The combined solution from Ripple Custody and IBM allows the bank to securely build, deploy, and manage enterprise-grade key management infrastructure. This ensures the protection of private keys, applications, and data. Garanti BBVA Crypto currently offers services for various cryptocurrencies including Bitcoin, Ethereum, USDC, Avalanche, Solana, XRP, Arbitrum, and Chiliz. Garanti BBVA Crypto CEO, Korcan Abalı, stated that they have witnessed a clear demand and increasing interest from their customers for digital assets. In response to this demand, they established Garanti BBVA Digital Assets in 2023 and have been providing services for various cryptocurrencies. Abalı emphasized that their collaboration with Ripple and IBM provides them with an enterprise-grade custody infrastructure that offers security, robust governance, and compliant processes. Aaron Sears, Ripple’s Senior Vice President of Global Client and Partner Success, expressed excitement about partnering with Garanti BBVA Crypto to support the development of Turkey’s crypto asset market. He highlighted the importance of secure custody in unlocking value and meeting the growing demand for new asset classes in the digital economy. To invest in more than 300 cryptocurrencies, users can register with Binance exchange with a 20% commission discount. For exclusive news, analytics, and on-chain data, users can follow Garanti BBVA Crypto on Telegram and Twitter.
