ISTANBUL–(DWPR)–Garanti BBVA Kripto has announced a strategic collaboration with Ripple and IBM to enhance the security and reliability of its crypto asset trading platform. Following a successful pilot in 2023, the platform now serves over 14,000 users, offering advanced custody solutions that ensure institutional-grade security and compliance.

The collaboration leverages Ripple Custody and IBM’s infrastructure capabilities, including IBM® LinuxONE, to deliver a high-performance solution. The secure custody infrastructure includes encryption, Hardware Security Modules (HSMs), and a governance framework to eliminate single points of compromise and mitigate risks.

“We’ve seen clear demand and growing interest from our customers in digital assets. Our collaboration with Ripple and IBM ensures robust governance, safety, and scalability to meet this demand,” said Korcan Abalı, CEO of Garanti BBVA Kripto.

Işıl Kılınç Gürtuna, IBM Türkiye General Manager, stated, “IBM’s infrastructure provides Garanti BBVA Kripto with high security standards in a sustainable environment, strengthening Türkiye’s digital asset market.”

Aaron Sears, SVP of Global Customer & Partner Success at Ripple, added, “Secure custody is foundational to unlocking value and addressing the demand for new asset classes. We are excited to support Garanti BBVA Kripto’s growth in Türkiye’s vibrant crypto market.”

About Garanti BBVA Kripto

Garanti BBVA Kripto, established in 2023, is a subsidiary of Garanti BBVA, one of Turkey’s largest private banks. It offers reliable, regulatory-compliant crypto asset services, prioritizing safety and customer trust. Visit garantibbvakripto.com for more details.

About Ripple

Ripple is a leading provider of digital asset infrastructure for financial institutions, delivering efficient and compliant solutions that enhance innovation in global finance. Visit ripple.com for more details.

Contacts

Megan Katz
Email: [email protected]