Merchant Acquiring
April 15, 2025
Garanti BBVA Kripto has collaborated with Ripple and IBM to provide a secure environment for its crypto asset trading platform. Following a successful pilot in 2023, the bank is now rolling out the service to its entire customer base, leveraging technology collaborations to continue to deliver the highest standards of performance, security, and customer trust.
The combined solution from Ripple Custody and IBM enabled the bank to securely build, deploy and manage institutional-grade key management infrastructure with end-to-end security to protect private keys, applications and data.
The advanced security capabilities embedded within this solution include data encryption, isolation of customer environments, embedded Hardware Security Modules with the highest security certification, and a versatile governance framework that removes single points of compromise and helps mitigate the risks associated with malicious actors.
Korcan Abalı, CEO and member of the board at Garanti BBVA Kripto, said, “We’ve seen clear demand and growing interest from our customers in digital assets. In order to respond to this demand, we launched our Garanti BBVA Digital Assets company in 2023 and currently provide services for BTC, ETH, USDC, AVAX, CHZ, XRP, ARB, and SOL as Garanti BBVA Kripto. The number of our customers who prefer to transfer and store their crypto assets is increasing daily. We will continue to scale by increasing our asset diversity and developing our service infrastructure. Our collaboration with Ripple and IBM gives us the confidence of institutional-grade custody infrastructure, which offers safety, robust governance and compliant processes.”
“Digital assets are increasing day by day, and they need to be managed on a highly secure platform that complies with regulations,” said Işıl Kılınç Gürtuna, IBM Türkiye general manager. “IBM’s infrastructure capabilities in IBM®LinuxONE will provide Garanti BBVA Kripto with a high level of security standards in a sustainable environment leveraging IBM’s expertise in the Digital Asset Custody domain,” she added.
“We’re thrilled to partner with Garanti BBVA Kripto to bolster the development of Türkiye’s vibrant crypto asset market,” said Aaron Sears, SVP of global customer & partner success at Ripple. “Secure custody is foundational to unlocking value and addressing the growing demand for new asset classes across the digital economy. We remain committed to supporting our customers worldwide to power the digital asset market with our secure and compliant services.”
The Payments Association
St Clement’s House
27 Clements Lane
London EC4N 7AE
© Copyright 2024 The Payments Association. All Rights Reserved. The Payments Association is the trading name of Emerging Payments Ventures Limited.
Emerging Ventures Limited t/a The Payments Association; Registered in England and Wales, Company Number 06672728; VAT no. 938829859; Registered office address St. Clement’s House, 27 Clements Lane, London, England, EC4N 7AE.
Log in to access complimentary passes or discounts and access exclusive content as part of your membership. An auto-login link will be sent directly to your email.
We use an auto-login link to ensure optimum security for your members hub. Simply enter your professional work e-mail address into the input area and you’ll receive a link to directly access your account.
Instead of using passwords, we e-mail you a link to log in to the site. This allows us to automatically verify you and apply member benefits based on your e-mail domain name.
Please click the button below which relates to the issue you’re having.
Sometimes our e-mails end up in spam. Make sure to check your spam folder for e-mails from The Payments Association
Most modern e-mail clients now separate e-mails into different tabs. For example, Outlook has an “Other” tab, and Gmail has tabs for different types of e-mails, such as promotional.
For security reasons the link will expire after 60 minutes. Try submitting the login form again and wait a few seconds for the e-mail to arrive.
The link will only work one time – once it’s been clicked, the link won’t log you in again. Instead, you’ll need to go back to the login screen and generate a new link.
Make sure you’re clicking the link on the most recent e-mail that’s been sent to you. We recommend deleting the e-mail once you’ve clicked the link.
Some security systems will automatically click on links in e-mails to check for phishing, malware, viruses and other malicious threats. If these have been clicked, it won’t work when you try to click on the link.
For security reasons, e-mail address changes can only be complete by your Member Engagement Manager. Please contact the team directly for further help.
