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According to CoinDesk, Spain's second-largest bank BBVA has announced its membership in Qivalis, becoming the 12th member bank of the Amsterdam-based stablecoin project.Qivalis aims to launch a euro-pegged regulated stablecoin, providing digital euro payment and settlement options for the EU market while challenging the dominance of dollar stablecoins. Current members of the project include major EU banks such as BNP Paribas, ING, and UniCredit, with the goal of issuing stablecoins through a banking network to provide payment channels for businesses and consumers without relying on third parties outside of blockchain or traditional financial systems.Currently, the global stablecoin market is approximately $300 billion, with only $860 million pegged to a single euro. Dollar stablecoins still dominate: Tether's USDT has a market cap of about $185 billion, while Circle Internet's USDC has a market cap of about $70 billion.

According to the official announcement, BBVA Bank and OpenAI have announced a multi-year strategic partnership, planning to deploy ChatGPT Enterprise to 120,000 employees across 25 countries globally, making it one of the largest generative AI enterprise applications in the financial services industry.The collaboration aims to accelerate BBVA's transformation into an AI-native bank, leveraging AI technology to enhance customer experience, optimize risk analysis, and reshape internal processes.

ChainCatcher news, according to foreign media reports, Spanish banking giant BBVA has announced a partnership with Singapore's SGX FX to launch cryptocurrency trading services for individual clients in Europe.The service will initially support Bitcoin (BTC) and Ethereum (ETH), allowing customers to trade 24/7 directly through BBVA's existing banking platform. BBVA stated that it is the first bank in the EMEA (Europe, Middle East, and Africa) region to adopt SGX FX's crypto trading infrastructure.

ChainCatcher news, according to the Financial Times, Binance is collaborating with Banco Bilbao Vizcaya Argentaria (BBVA) to allow customers to custody their assets at the bank instead of on the exchange. This is a new initiative by Binance to reassure investors after being hit with a record $4.3 billion fine by U.S. authorities in 2023.Spain's third-largest bank, BBVA, has recently begun providing services to Binance as one of the few independent custodians. This move aims to alleviate investor concerns about the security of exchanges, especially following the FTX bankruptcy incident in 2022. BBVA's brand recognition is higher than that of Binance's existing partners, which may enhance user trust. Under the arrangement, traders' funds will be held in the form of U.S. Treasury securities at BBVA, while Binance will accept these assets as trading collateral.

ChainCatcher news, according to The Fintech Times, Spain's second-largest bank BBVA has launched trading and custody services for Bitcoin and Ethereum through its mobile application, further expanding its regulated digital asset services in Europe for retail customers.This service launch follows the regulatory filing submitted to the Spanish National Securities Market Commission (CNMV) in March 2025 and is now available to all customers of legal age.The service allows customers to buy, sell, and hold crypto assets within BBVA's existing digital banking environment. BBVA has fully integrated this service into its own application, without relying on any third-party platforms or custodians. Customers can initiate transactions independently, and the bank does not provide investment advice.

ChainCatcher news, according to Cointelegraph, Spain's second-largest bank BBVA has advised its high-net-worth clients to allocate a portion of their investment portfolios to crypto assets. BBVA recommends that high-net-worth clients allocate 3% to 7% of their portfolios to cryptocurrencies and Bitcoin (BTC) based on their risk tolerance.Philippe Meyer, head of digital and blockchain solutions at BBVA's Swiss branch, stated at a conference in London: "Since September last year, we have started providing Bitcoin investment advice to private clients." He added that for clients with a higher risk appetite, the recommended allocation has increased.Meyer noted that clients have responded positively to the bank's advice and do not perceive the risks of crypto assets as excessive. "If you look at a balanced investment portfolio, just adding 3% can already enhance overall returns. Allocating 3% does not constitute taking on a significant risk."

According to ChainCatcher, as reported by CoinDesk, Spanish financial giant Banco Bilbao Vizcaya Argentaria (BBVA) has received approval from Spanish financial regulators to offer Bitcoin (BTC) and Ethereum (ETH) trading services to its clients.BBVA began planning its entry into the crypto market as early as 2020, initially intending to operate in Switzerland, where regulations are clearer. In January of this year, BBVA launched crypto trading services in Turkey through its local subsidiary. BBVA is not the first European bank to enter the crypto market; Deutsche Bank and Société Générale have also ventured into crypto asset custody and stablecoin issuance.Previous news, the crypto custody platform under Spanish bank BBVA will launch cryptocurrency trading services.

ChainCatcher news, Turkey's Garanti BBVA subsidiary Garanti BBVA Kripto announced a partnership with Luxembourg-based cryptocurrency exchange Bitstamp to provide crypto trading services for its customers.This collaboration marks Garanti BBVA Kripto's first liquidity provider partnership since its establishment in May 2023. The agreement designates Bitstamp as the primary liquidity provider for the platform, allowing access to various digital assets through its Bitstamp-as-a-Service solution. The initiative aims to combine traditional financial services with Turkey's rapidly growing cryptocurrency industry.

ChainCatcher news, the cryptocurrency custody platform under the Spanish bank BBVA will launch cryptocurrency trading services.Garanti BBVA Kripto is a cryptocurrency custody platform operated by Garanti BBVA, which holds 86% of its shares as of December 2023. The platform will soon provide cryptocurrency trading services to the public, with Bit2Me, a cryptocurrency exchange founded in 2014 and headquartered in Spain, being used as the bank's trading execution center.Abel Peña, Chief Sales Officer of Bit2Me, stated that the current cryptocurrency asset market (MiCA) regulations have come into full effect across the EU, and the collaboration between BBVA and the cryptocurrency exchange strongly indicates that more developments will occur in the future.

ChainCatcher news, according to Bitcoin.com, Spain's second-largest bank BBVA has announced the launch of a tokenized fund as part of the regulatory sandbox implemented by Spain's securities regulator CNMV. This sandbox allows participants to innovate and experiment with new technologies under the supervision of the regulatory authority. Each project must be submitted and approved according to the assessments and requirements established by CNMV.The BBVA short-term fixed income token fund will register its operations on a private blockchain, provided by Allfunds, a software developer that creates decentralized solutions for third parties. BBVA Asset Management will act as the manager and marketer of the fund, utilizing Allfund's network, smart contracts, and nodes specifically created for this test case. Investors will operate the fund like a traditional fund, thereby removing the complexities of decentralized operations.

ChainCatcher news, Turkey's Garanti BBVA Bank launched Garanti BBVA Digital Assets last year as part of its fintech subsidiary. The company launched its wallet in June and has now confirmed it is using a combination of Ripple Custody and IBM's technology.Garanti BBVA has updated the status of its digital asset products. Garanti BBVA Kripto CEO Korcan Abalı stated, "We have seen a clear demand and growing interest from customers in digital assets. To meet this demand, we established Garanti BBVA Digital Assets in 2023, currently providing services under the name Garanti BBVA Kripto for BTC, ETH, USDC, AVAX, CHZ, XRP, ARB, and SOL."So far, it has 14,000 digital asset customers, serving a main bank of 12 million digital customers and 11.6 million mobile customers.

ChainCatcher news, Spanish bank BBVA plans to launch a stablecoin business in collaboration with Visa next year. BBVA's head of digital assets and blockchain, Francisco Maroto, stated that the bank is currently in the sandbox phase of Visa's new program, which aims to help businesses launch their own tokenized assets, and hopes to enter the prototype stage and begin actual operations by 2025.Francisco Maroto also mentioned that BBVA has not yet decided whether the stablecoin will be backed by deposits, money market funds, or fiat currencies such as euros or dollars, adding that the company plans to use it for the settlement layer of exchanges.

ChainCatcher news, according to Blockworks, payment giant Visa stated on Wednesday that Spain's BBVA has been involved in the development of the new Visa Tokenization Asset Platform (VTAP) sandbox this year. The bank is testing the issuance, transfer, and exchange of bank tokens on the network blockchain, with plans to launch an initial pilot for selected customers on the Ethereum blockchain in 2025.

ChainCatcher news, according to the official announcement, the Spanish banking giant BBVA's Swiss branch has announced that its institutional and private banking clients, as well as clients with NewGen accounts, can now manage their USDC funds on the same platform where they handle traditional investments.They can exchange, custody, or automatically convert USDC to euros, dollars, or any fiat currency in almost real-time.

ChainCatcher news, according to Finextra, Turkey's Garanti BBVA Bank's fintech subsidiary Garanti BBVA Financial Technologies has launched a digital asset business that will initially support the transfer and custody services of Bitcoin and Ethereum.