Ripple Custody Lands IBM and Garanti BBVA as Partners: Details

Ripple Custody has inked a partnership with Garanti BBVA and IBM in yet another instance of institutional adoption of its solutions

Garanti BBVA Kripto, a digital asset platform launched by Garanti BBVA, is strengthening security by partnering with Ripple Custody and International Business Machines Corporation (IBM). 

New Customer Alert 📣 @garantibbvakrp is leveraging Ripple Custody and @IBM to bring the highest security and performance to its growing crypto trading platform.🇹🇷

Learn how secure custody is key to unlocking value in the digital economy: https://t.co/5g1Qt0HKuB

— Ripple (@Ripple) October 23, 2024

Garanti BBVA Kripto aims to transform its crypto trading platform, leveraging Ripple’s custody services and IBM’s advanced technology. This alliance shows the Turkish bank’s commitment to offering safeguarded crypto trading.

The Ripple Custody Charm

After Garanti BBVA Kripto’s successful pilot program in 2023, the crypto exchange is now rolling out its upgraded platform to all customers. The crypto exchange is striving to establish itself as a leading security platform. It is expanding its portfolio to include digital assets like Bitcoin (BTC), Ethereum (ETH), USD Coin (USDC), and Avalanche (AVAX).

Garanti BBVA has steadily built its reputation in the financial sector by embracing innovation. This partnership is a testament to its forward-thinking approach. Integrating Ripple Custody into its crypto platform sets a high standard for asset protection. This is to ensure clients’ investments are secure. 

While Ripple Custody provides security, IBM provides tech muscle. IBM’s involvement in the partnership adds an extra layer of trust, performance, and operational efficiency. IBM’s expertise in blockchain will be fully embedded into Garanti BBVA’s platform, improving user experience and overall security. 

Garanti BBVA Sets the Standard for Crypto Security and Innovation

Garanti BBVA’s proactive approach to security sets an example for others to follow. As crypto-related breaches and hacks make the news daily, the bank is taking bold steps to ensure its platform is not only secure but also highly efficient. 

Also, the latest collaboration goes beyond security.  It is set to pave the way for the future of crypto trading. As banks increasingly explore crypto, those focusing on security and performance will stand out. Garanti BBVA strategically aims to capture a larger market share and provide exceptional crypto services.

Interestingly, Ripple’s ecosystem is gaining traction in the crypto industry. Recently, Ripple’s decentralized blockchain, XRP Ledger (XRPL), hosted a tokenized fund worth $1 billion.

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