BBVA migrates its crypto custody service to Ripple-owned Metaco’s Harmonize

BBVA Switzerland, a Swiss branch of one of the largest Spanish banks, has announced it will use Ripple-owned tech firm Metaco’s Harmonize platform for its crypto custody operations with institutional investors. 

According to the press release published on Dec. 7, BBVA, which has been providing Bitcoin and Ether custody since 2021, migrated its infrastructure to Harmonize to achieve more agility and security:

“In this environment, transaction validation is more agile and crypto assets are held in custody according to the highest security standards required by regulators.”

Harmonize will let the bank connect to other blockchains, apart from Bitcoin and Ethereum, which means the…

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