Ripple Highlights Custody Services as 37 Banks Prepare Euro Stablecoin

Ripple highlighted custody, governance, and banking integration as institutions prepare for Qivalis’ planned euro stablecoin. Its assessment connected those requirements to its existing services, citing clients BBVA and DZ BANK within the 37-bank consortium. Ripple highlighted its custody services on Nov. 9 as it examined bank custody requirements for Qivalis’ planned euro stablecoin. The company cited existing clients, including BBVA and DZ BANK, and described how banks would need to safeguard client holdings, enforce operational controls, and connect digital assets with existing systems. It placed those functions within its broader services spanning issuance, custody, governance, settlement, and redemption. Individual banks could retain custody or delegate it to another provider, Ripple explained. Its technology connects with banking software through application programming interfaces, which let systems exchange data and instructions.

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