Spanish megabank would launch bitcoin account management

BBVA is Spain’s second-largest bank, handling $840 billion in assets. It would launch a Europe-wide crypto-cash account management service through its Swiss subsidiary, a rumor courtesy of two anonymous industry sources. For this, they would use the SILO platform also used by the Russian Gazprombank, which also maintains BTC-based bank accounts in Switzerland.

According to the information, these are not tokenized securities or ETFs, but also an institutional portfolio service, with crypto-custody, the same as that offer by Coinbase or Bitpanda. That would be this case with a large bank at the European level.