|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Cryptocurrency News Articles
Garanti BBVA Kripto Collaborates with Ripple and IBM to Provide a Secure Environment for Its Crypto Asset Trading Platform
Oct 23, 2024 at 05:03 pm
Garant BBVA Kripto has collaborated with Ripple and IBM to provide a secure environment for its crypto asset trading platform.
Turkey’s Garanti BBVA Kripto has joined forces with Ripple and IBM to provide a secure environment for its crypto asset trading platform. Following a successful pilot earlier this year, the bank is now rolling out the service to its entire customer base.
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.”
Işıl Kılınç Gürtuna, IBM Türkiye General Manager, said: “Digital assets are increasing day by day, and they need to be managed on a highly secure platform that complies with regulations. 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.”
Aaron Sears, SVP of Global Customer & Partner Success at Ripple, said: “We’re thrilled to partner with Garanti BBVA Kripto to bolster the development of Türkiye’s vibrant crypto asset market.
“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 around the world to power the digital asset market with our secure and compliant services.”
About Garanti BBVA Kripto
Established in 2023 as a subsidiary of Garanti BBVA, one of Turkey’s largest private banks, Garanti BBVA Kripto aims to become a platform that offers reliable crypto asset services. Our main goal is to ensure that our users have a safe experience when stepping into the crypto world with a customer-oriented approach. Our expert team, with its many years of experience in the blockchain and finance industry, works carefully for a reliable, stable, and regulatory-compliant platform.
About Ripple
Ripple is the leading provider of digital asset infrastructure for financial institutions—delivering simple, compliant, reliable software that unlocks efficiencies, reduces friction, and enhances innovation in global finance. Ripple’s solutions leverage the XRP Ledger and its native digital asset, XRP, which was purpose-built to enable fast, low-cost, highly scalable transactions across developer and financial use cases.
With a proven track record working with regulators and policymakers around the world, Ripple’s payments, custody and stablecoin solutions are pioneering the digital asset economy—building credibility and trust in enterprise blockchain. Together with customers, partners and the developer community, we are transforming the way the world tokenizes, stores, exchanges, and moves value.
Disclaimer:info@kdj.com
The information provided is not trading advice. kdj.com does not assume any responsibility for any investments made based on the information provided in this article. Cryptocurrencies are highly volatile and it is highly recommended that you invest with caution after thorough research!
If you believe that the content used on this website infringes your copyright, please contact us immediately (info@kdj.com) and we will delete it promptly.
-
- Dogecoin (DOGE) and Polkadot (DOT) Losing Their Potential to Grow, Leaving a Chance for Projects Like IntelMarkets (INTL) to Win the Spotlight
- Oct 23, 2024 at 08:20 pm
- With the crypto landscape being what it is; rapid changes in momentum are the norm, with even well established projects seeing changes in market share.
-
- Solana, Cardano, and BlockDAG: Current Market Trends and Upcoming Events
- Oct 23, 2024 at 08:20 pm
- Crypto market insights show Solana maintaining a solid price of $155, indicating potential upward movement. At the same time, Cardano is preparing for an important coin release that is expected to enhance user involvement and market fluidity.
-
- Chainlink (LINK) Begins to Show Positive Movement, Sparking Anticipation for Potential Growth in the DeFi Market
- Oct 23, 2024 at 08:20 pm
- Market analysts are keeping a close watch as the price of LINK has started forming a solid weekly candle, signalling that the token may be preparing for an upward breakout.