Cecabank crypto custody has gone live for financial institutions under the European Union’s MiCA framework. The Spanish banking group launched the platform after securing approval for custody, transfers, and order transmission. Renta 4 Banco has joined the project for crypto clients.
According to a June 11 announcement, Cecabank moved its crypto-asset service project into production after receiving regulatory authorization. The approval covers custody, transfers, and reception and transmission of orders. The bank said the service is designed for financial institutions.
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Cecabank Crypto Custody Links Banks to Digital Assets
This move comes after a partnership agreement between Cecabank and Bit2Me in May 2024. The firms had already revealed their intentions of building a MiCA-compliant platform before the approval process was still ongoing. That project has now moved from planning to operations.
Cecabank Crypto Custody offers institutional-grade digital asset infrastructure to banks and financial institutions. Cecabank offers the technological layer while offering custodial solutions for such institutions. Bit2Me manages trade execution, liquidity, market connectivity, and exchange functionalities.
On the other hand, Renta 4 Banco is currently utilizing the platform as it builds its own cryptocurrency trading facility. This means that the bank will use the existing solution offered by Cecabank and Bit2Me while building its own capabilities.
Cecabank crypto custody integrates security offerings alongside crypto capabilities. Cecabank brings on-board expertise, regulatory compliance processes, and institutional operation. Meanwhile, Bit2Me offers cryptocurrency trading solutions and market connections.
Regulatory approval is among the important stages of the process. Cecabank claims that it holds a license for offering crypto custody, transfer, and order execution within the scope of MiCA. This legislation lays down uniform conditions across member states concerning crypto-asset service providers.
Cecabank Starts EU Passporting for Crypto Services
Furthermore, Cecabank crypto custody has been approved by Spain’s securities market authority, CNMV, in July 2025. The institution is licensed by the Bank of Spain to operate as a crypto-asset service provider. It has already launched the procedure of passporting to Ireland, Portugal, and Luxembourg.
The bank plans to start off with cryptocurrencies and stablecoins, which conform to European regulation standards. Financial institutions will gain access to providing regulated cryptocurrency offerings. The bank will have the opportunity to extend international scale using existing EU regulations.
According to Aurora Cuadros, Corporate Director of Securities Services at Cecabank, the decision expands the scope of the bank’s long-standing custody operations into the digital asset arena.
Aurora mentioned that Cecabank’s approach to crypto custody simply means applying existing principles to the new type of asset. Also, she mentioned that Renta 4 Banco can utilize the same approach to introduce crypto trading within the framework of regulations.
Bit2Me mentioned that this event is part of the company’s infrastructure approach. According to Gabriel Ayala, the Director of Banking Solutions at Bit2Me, the decision to activate cryptocurrency custody services with Cecabank and Renta 4 Banco contributes to the development of crypto banking infrastructure.
The Cecabank crypto custody rollout comes as Spanish banks expand digital asset services. For instance, BBVA introduced plans to trade and store cryptocurrencies such as Bitcoin and Ethereum. This bank operates using infrastructure controlled by the bank.
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