Garanti BBVA Kripto continues its strong moves in the cryptocurrency sector. The platform, serving over 14,000 users, announced a significant strategic collaboration with IBM and Ripple to ensure the secure custody of crypto assets. This partnership highlights the bank’s goal to maintain the highest security standards for crypto asset storage. Following a successful pilot project in 2023, Garanti BBVA Kripto is now expanding this technological infrastructure to offer enhanced services to all users.
The Ripple and IBM Partnership Gains Attention
The collaboration between Garanti BBVA Kripto, Ripple, and IBM represents a critical step in securing crypto asset storage. Through Ripple Custody and IBM’s solutions, the bank now offers end-to-end security measures to protect crypto assets. This infrastructure provides institutional-grade key management, ensuring top-level security for the bank. The protection of private keys, along with the security of data and applications, has been significantly strengthened through this collaboration.
A Growing Demand for Secure Crypto Custody
The secure storage of crypto assets is becoming increasingly important in the world of crypto finance. Garanti BBVA Kripto’s partnership with Ripple and IBM ensures that the platform prioritizes security, allowing users to manage their crypto assets with confidence. Ripple Custody plays a vital role in enhancing customer trust, and IBM’s technological infrastructure offers world-class security solutions for Garanti BBVA Kripto’s digital asset storage services.
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Korcan Abalı, CEO and Board Member of Garanti BBVA Kripto, emphasized the importance of this strategic collaboration: “Customer interest in crypto assets is growing daily, and we established Garanti BBVA Crypto Assets in 2023 to meet this demand. Currently, we offer services for major assets like BTC, ETH, USDC, AVAX, CHZ, XRP, ARB, and SOL. We are pleased with the increase in customers opting to store and transfer crypto assets, and this partnership allows us to enhance our service quality further.”
Global Impact and Future Growth
Aaron Sears, Senior Vice President of Global Customer Success at Ripple, noted that Turkey is becoming a leading country in the crypto asset market. He expressed his excitement about the collaboration with Garanti BBVA Kripto, stating: “We are thrilled to partner with Garanti BBVA Kripto to support the growth of Turkey’s vibrant crypto asset market. Secure custody is essential for addressing the growing demand for new asset classes in the digital economy. We will continue to work together to strengthen the digital asset market.”
This strategic partnership is a major step forward in providing secure and reliable crypto asset storage, setting new standards in the industry and supporting the continued expansion of the digital economy.
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