Ripple Strengthens Institutional XRP Access in Turkey Through Renewed Custody Deal

Ripple has renewed its custody partnership with Garanti BBVA Crypto, reinforcing its long-term commitment to institutional digital asset infrastructure in Turkey.

The move strengthens secure, regulated access to XRP for institutional clients and underscores Ripple’s strategy of expanding in high-growth, crypto-active markets.

Turkey has emerged as one of the most active digital asset markets globally, driven by a large, tech-savvy population and sustained demand for alternatives to traditional financial systems. Inflationary pressures and currency volatility have accelerated interest in blockchain-based assets, pushing both retail and institutional players to explore regulated crypto solutions. Ripple’s renewed partnership positions it to directly serve this demand at the institutional level.

Institutional Custody as a Gateway to Adoption

The updated agreement centers on providing institutional-grade custody services for XRP, allowing professional investors, financial institutions, and corporate clients to securely store and manage the asset. Custody remains one of the biggest hurdles for institutional adoption, and Ripple’s infrastructure is designed to meet strict security, compliance, and operational requirements while integrating with existing financial systems.

Garanti BBVA Crypto, backed by one of Turkey’s largest banking groups, plays a critical role as a bridge between traditional finance and digital assets. Its collaboration with Ripple signals growing confidence among established financial institutions in blockchain-based solutions, particularly those focused on payments, liquidity management, and cross-border settlement.

Beyond custody, the renewed partnership also reflects confidence in Turkey’s evolving regulatory environment. As clearer frameworks emerge, institutional participation is expected to accelerate, opening the door for broader XRP use cases tied to real-world financial activity rather than speculative trading.

For Ripple, strengthening its presence in Turkey is part of a wider strategy to embed blockchain infrastructure into mainstream finance across key global markets. As institutional demand grows and regulation matures, partnerships like this one position Ripple and XRP at the core of the next phase of digital asset adoption.

The information provided in this article is for educational purposes only and does not constitute financial, investment, or trading advice. Coindoo.com does not endorse or recommend any specific investment strategy or cryptocurrency. Always conduct your own research and consult with a licensed financial advisor before making any investment decisions.

Related stories

Next article