Bizkaia is emerging as a significant player in Spain's crypto-asset sector, thanks to three of its entities obtaining the MiCA license. This authorization, under the new European framework, sets the rules for operating with crypto-assets, raising standards in security, transparency, and governance.

BBVA was the first to take this step, securing authorization ahead of others. It currently offers a service for buying and holding bitcoin and ether through its application, although its offerings are presently limited to these two assets.

Kutxabank is the latest bank to obtain the license, announcing its authorization at the end of March. While it has not yet commercially launched the service, it has stated that its initial offering will focus on bitcoin, ethereum, and the USDC stablecoin.

The newest addition is Fazil Crypto, a fintech founded in Bizkaia and headquartered in Getxo. The company initially operated as a neobank before pivoting to the crypto-asset business, where it had been offering services since 2024, registered with the Bank of Spain. According to the Vizcayan fintech, while traditional banks offer a more limited proposal, Fazil Crypto's platform allows operations with over 400 cryptocurrencies.