Garanti BBVA Kripto Strengthens Security and Growth with Ripple and IBM Partnerships in Response to Rising Digital Asset Demand

Garanti BBVA Kripto Strengthens Security and Growth with Ripple and IBM Partnerships in Response to Rising Digital Asset Demand

(IN BRIEF) Garanti BBVA Kripto has partnered with Ripple and IBM to advance its digital asset platform, enhancing security and performance for its users. Through these collaborations, Garanti BBVA Kripto aims to strengthen its infrastructure to meet rising demand for secure crypto trading and custody, offering secure data management and governance solutions. This expansion comes amid increasing interest in digital assets among Garanti BBVA’s customer base.

(PRESS RELEASE) BILBAO, 25-Oct-2024 — /EuropaWire/ — Garanti BBVA is partnering with Ripple and IBM to strengthen the infrastructure of Garanti BBVA Kripto, the bank’s digital asset trading platform, which has grown to over 14,000 users. This strategic collaboration is aimed at enhancing performance, security, and customer trust by implementing advanced solutions for secure digital asset management and custody.

Garanti BBVA Kripto’s crypto trading platform offers institution-grade security features through Ripple’s services and IBM’s secure custody technology. The solution includes high-level security measures such as data encryption, isolated customer environments, and hardware security modules, along with a governance framework designed to eliminate single points of failure and reduce risks from malicious activity.

CEO Korcan Abalı noted the rising customer demand for secure digital asset management, saying, “Our collaboration with Ripple and IBM allows us to provide a safe, robust infrastructure for a growing array of digital assets, which now includes BTC, ETH, USDC, AVAX, CHZ, XRP, ARB, and SOL.”

IBM Türkiye’s General Manager, Işıl Kılınç Gürtuna, highlighted the role of IBM’s infrastructure capabilities, adding, “IBM’s LinuxONE environment provides high-level security for Garanti BBVA Kripto, supported by IBM’s digital asset custody expertise.”

Aaron Sears, Ripple’s SVP of Global Customer & Partner Success, remarked, “Our collaboration with Garanti BBVA Kripto aims to meet Türkiye’s demand for secure crypto custody, laying a secure foundation for the expanding digital asset landscape.”

Founded in 2023, Garanti BBVA Kripto continues to build its platform as digital asset adoption rises among consumers seeking secure storage and transfer options for their assets.

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SOURCE: BBVA

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