Cecabank

What Cecabank does

Cecabank, S.A. is a Spanish wholesale bank founded in 2012 and headquartered in Madrid, operating exclusively in the B2B segment and serving credit entities, investment fund managers (SGIICs), pension funds, insurers, broker-dealers, and other regulated financial institutions. The bank specializes in three core lines: Securities Services (custody, settlement, depositary, post-trade administration), Payments (card processing, digital payments, cross-border FX payments, clearing house access), and Treasury (FX trading, debt capital markets, banknotes logistics). It operates offices in Madrid, Lisbon, Luxembourg, Frankfurt, and London, executing multi-country operations and serving more than 100 financial institutions across the Iberian Peninsula and Western Europe.

The company manages over €400 billion in assets under custody and €285.7 billion in assets under deposit, ranking as Spain's second-largest securities services bank. Its product suite includes depositary services for nearly 1,000 investment vehicles under UCITS/AIFMD frameworks, listed derivatives clearing of more than 5 million contracts across MEFF, EUREX, ICE, CME, and TSE, card payment processing of 1.859 billion transactions annually, and an FX desk ranked #3 in Spain by volume. In 2025–2026, Cecabank extended its custody expertise into digital assets: it obtained a MiCA license from CNMV in July 2025, making it the first B2B custodian authorized under the new European framework, and in June 2026 launched cryptocurrency custody services for institutional clients in partnership with Bit2Me. It also joined the Qivalis consortium in May 2026, the first European banking consortium developing a euro-denominated stablecoin under MiCA.

Cecabank's business model is anchored in recurring, fee-based revenue streams: subscription-style fees on assets under custody and deposit, transaction fees on payment and clearing volumes, and service contracts for treasury and digital-banking solutions. The bank markets exclusively through direct institutional sales and dedicated account management; pricing is negotiated individually and not publicly disclosed. With a CET1 ratio above 52% as of end-2025 — among the highest in the Spanish financial system — Cecabank operates from a position of substantial capital strength and is fully self-funded, with no external funding rounds disclosed.

Name

Cecabank

Legal name

Cecabank, S.A.

Website

https://cecabank.es

Company type

Private

Founded year

2012

Operating status

Operating

Headcount range

501–1,000 employees

Short description

Cecabank is a Spanish wholesale bank serving credit entities, fund managers, insurers, and broker-dealers with securities services, payments, treasury, and recently launched MiCA-licensed cryptocurrency custody, managing over €400 billion in assets under custody.

Ownership category

akta.pro rank

Product category

Wholesale Securities Services & Banking Infrastructure

NAICS

Depository Credit Intermediation (5221), Commercial Banking (52211)

SIC

Functions Related To Depository Banking, Nec (6099), Security & Commodity Brokers, Dealers, Exchanges & Services (6200)

akta.pro primary industry

Crypto Custody & Exchange Wallet Services (Integrated) (FSADAAAG)

akta.pro secondary industries

Tokenized Bank Deposit & Commercial Bank Money Issuers (FSADADAB), BaaS Platforms & Sponsor Bank Enablement (FSAGALAA), Digital Banking & Neobank Platforms (BPAMAFAD)

Keywords

• Wholesale banking services
• Securities custody settlement
• Institutional payment processing
• Treasury management services
• Crypto custody infrastructure

Headquarters

HQ city

Madrid

HQ country

Spain

HQ region

Europe

Offices5 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Technology or R&D, Operations, Infrastructure, Others

Revenue model

1. Securities Services: Custody, settlement, and administration services for securities. Generates recurring fees based on assets under custody and transaction volumes. Core revenue driver.
2. Payments Infrastructure: Payment processing, clearing, and settlement infrastructure for institutional clients. Generates revenue through transaction fees and service contracts.
3. Treasury Operations: Treasury and liquidity management services for institutional clients. Generates revenue from interest income, trading activities, and service fees.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels1 record

Core offering

Cecabank is a Spanish wholesale bank that provides B2B financial infrastructure services to regulated institutions across three core lines: Securities Services (custody, settlement, depositary, and post-trade administration for equities, fixed income, funds, and digital assets), Payments (card processing, digital and cross-border payments, clearing house access), and Treasury (financial markets, debt capital markets, banknote logistics). It also offers technology platforms for digital banking and regulatory reporting, and has launched MiCA-compliant cryptocurrency custody for financial institutions through its partnership with Bit2Me.

Product overview

Cecabank operates as a wholesale B2B bank providing specialized financial infrastructure services across three main lines of business: Securities Services (custody, settlement, depositary), Payments (card processing, digital payments, international payments), and Treasury (financial markets, debt capital markets). The Securities Services division offers a comprehensive suite including Custody and Securities Settlement, Depositary Services, Comprehensive Securities Services, and Listed Derivatives. The Payments division provides Card Payment Processing, Digital Payments Solutions, International Payments with FX capabilities, and Clearing House Access. The Treasury division covers Financial Markets (FX, money market, securities financing), Debt Capital Markets, and Banknotes. Additionally, Cecabank has recently launched a Cryptocurrency Custody Service under MiCA regulation, extending its traditional custody expertise to digital assets. The platform is modular and serves over 100 financial institutions, offering services that range from basic custody to comprehensive digital banking solutions, with the crypto service leveraging Bit2Me's execution platform.

Differentiator

Problem solved

Functional benefit

Products and services

• Securities Services Comprehensive post-trade securities services covering custody, settlement, depositary, and administration for financial institutions, including equity, fixed income, investment funds, and digital assets with MiCA-licensed crypto custody. Serves credit entities, fund managers, insurers, and broker-dealers.
• Depositary Services (Depositaría) Independent depositary services for investment institutions (IIC), pension funds, EPSV, and venture capital entities, covering nearly 1,000 investment vehicles with approximately €285.7 billion in assets under deposit. Provides oversight, NAV verification, and regulatory compliance for fund vehicles.
• Listed Derivatives Clearing Service Access to futures and options clearing across major global exchanges (MEFF, EUREX, ICE Europe, CME Group, ICE US, TSE) with automated management of listed derivatives, having cleared over 5 million contracts.
• Financial Markets (Treasury / Mercados Financieros) Treasury operations covering FX (ranked #3 in Spain by volume), money market, securities financing transactions, and market making for Spanish public debt and futures on BME.
• Debt Capital Markets (DCM) Debt capital markets services including refinancing support for autonomous communities, MREL-eligible deposits, and financing for investment fund capital calls and credit institution long-term financing.
• Banknotes (Billetes) Logistics Service Wholesale foreign currency banknote services with logistics and transport of valuables nationally and internationally, serving most financial institutions in Spain and over 10,000 bank branches directly.
• Card Payment Processing Card payment processing covering the complete payment chain with over 30 years of experience; processes over 1.859 billion transactions annually, with 8+ million issued cards and €183 million in daily settlements.
• Digital Payments Solutions Digital payment solutions including POS management, e-commerce payment gateway, secure customer authentication, TRA/BNPL solutions, virtual cards, PSD2 payment initiation, mobile payments (HCE, Xpays), Android POS, Tap to Phone, and virtual payment gateway.
• International and Cross-Currency Payments Global FX Payments for cross-border transactions with currency exchange, SWIFT Service Bureau connectivity, ID.FX currency identification API covering 24 currencies and 80+ countries, and a global correspondent bank network.
• Clearing House Access (Account-Based Payments) Integral solutions for account-based payments management, including representation in SNCE, EBA, TIPS, BIZUM, check processing, and account ownership verification. Processed 353 million SEPA operations and 189 million BIZUM C2C transactions.
• Digital Banking Solutions Platform Multi-device online banking platform with remittance generation, public administration payment gateways, fraud monitoring with collaborative intelligence, API hub, digital identity services, and an electronic invoice platform.
• Treasury, Risk and Reporting SaaS SaaS platform covering treasury front office, back office, risk management, collateral management, reporting, and capital calculation, including Pyramid Reporting for regulatory reporting to Banco de España, Banco de Portugal, and ECB. Serves 25 financial entities, public administrations, and corporates.
• Cryptocurrency Custody Service (MiCA-Licensed) MiCA-licensed institutional-grade cryptocurrency custody service for financial institutions, enabling them to offer digital asset trading to their clients. Cecabank provides the custody infrastructure while Bit2Me serves as the execution platform under the EU's Markets in Crypto-Assets framework.

Quantifiable outcome

• Assets under custody exceeding €400 billion
• +2 more outcomes

Named customers3 records

Segments4 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

AI capability1 record

Feature2 records

Partnerships

Two partnerships are on record, tiered core.

• Bit2MecoreStrategic or Co-development PartnerStrategic partnership between Cecabank and Bit2Me for MiCA-compliant crypto custody and execution services. Cecabank provides institutional-grade crypto custody infrastructure while Bit2Me provides the execution platform. This partnership enables financial institutions to offer digital asset trading and custody services under EU regulatory compliance. Bit2Me is a prominent Spanish cryptocurrency exchange and blockchain services provider.
• QivaliscoreStrategic or Co-development PartnerCecabank participates in the Qivalis euro stablecoin consortium alongside other major Spanish financial institutions including Sabadell, Bankinter, and Ibercaja Banco. The consortium is developing and issuing a euro-denominated stablecoin for use within the Spanish and European financial ecosystem. Cecabank's role as a participant demonstrates its commitment to digital asset innovation.

Scale indicators4 records

Recent moves8 records

Expansion highlights6 records

Direct peers

• Euroclear: Euroclear is one of the world's largest post-trade and securities services providers, offering custody, settlement, and asset servicing to European financial institutions — directly comparable to Cecabank's core Securities Services franchise across the same client base.
• Clearstream (Deutsche Börse): Clearstream is a leading European post-trade services provider (ICSD/CSD) delivering custody, settlement, and collateral management — a direct competitor to Cecabank in cross-border securities services for credit entities and asset managers.
• CACEIS: CACEIS (Crédit Agricole / Santander JV) provides asset servicing, custody, depositary, and fund administration across Europe — a highly comparable peer to Cecabank's Securities Services and Depositary business serving investment funds and insurers.
• BME Clearing (Bolsas y Mercados Españoles): BME Clearing is the Spanish central counterparty and post-trade infrastructure operator, overlapping with Cecabank's listed-derivatives clearing, settlement, and securities-services offerings for Spanish institutional clients.

Emerging players

• Allfunds: Allfunds is a European B2B fund distribution and wealthtech platform that overlaps with Cecabank's fund administration, depositary, and securities services for asset managers, and appears as a Cecabank client in the source data.
• BBVA: BBVA is a major Spanish bank pursuing MiCA-regulated crypto custody and digital-asset services for retail and institutional clients — an emerging competitor in the same Spanish digital-asset infrastructure market where Cecabank is currently a first mover.

Broad incumbents

• Northern Trust: Northern Trust is a global custodian and asset servicer offering securities services, fund administration, and digital-asset custody — comparable to Cecabank's institutional custody and depositary franchise at greater global scale.
• State Street: State Street is one of the largest global custody and asset servicing franchises, competing with Cecabank for European institutional mandates in custody, fund administration, and increasingly in digital-asset services.
• Banco Santander: Santander is a global Spanish-origin bank providing custody, payments, and increasingly digital-asset services; it competes with Cecabank for Spanish institutional clients and participates in adjacent stablecoin and tokenization initiatives.

Regional players

• ABN AMRO Clearing: ABN AMRO Clearing is a major European clearing and post-trade services provider, overlapping with Cecabank's listed-derivatives clearing, settlement, and institutional trading infrastructure across European venues.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks7 records

Key highlights7 records

Customer concentration

• Xx.com/Cecabank_es
• LinkedInlinkedin.com/company/ceca

Compliance3 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles17 records

Subsidiaries1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments1 record

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Cecabank