Key Highlights
- •Spain has appointed Prosegur Crypto to manage and store crypto assets seized by its State Security Forces and Corps.
- •The system employs military-grade cryptography and offline custody for enhanced security.
- •This initiative aligns with Europe's MiCA framework and reflects the growing adoption of tokenization.
Spain has taken a decisive step toward modernizing its digital asset oversight. The Ministry of the Interior has appointed Prosegur Crypto, the institutional custody arm of Prosegur Cash, to manage and safeguard crypto assets seized by the country’s State Security Forces and Corps (FCSE).
The agreement grants Prosegur Crypto exclusive responsibility for registering, tracing, and preserving seized digital evidence, ensuring transparency and compliance under Spanish law. The company will also manage the conversion of crypto into fiat currency when required by judicial authorities, a process that was previously fragmented across different agencies.
Secure Custody for Tokenized Evidence
According to the announcement, Prosegur Crypto’s custody model integrates physical vault infrastructure with military-grade encryption to store private keys and prevent tampering. The firm’s systems operate without direct internet access, allowing blockchain transactions to be executed in a controlled offline environment.
“This partnership demonstrates that our security and operational systems meet the high standards now demanded by public institutions,” stated José Ángel Fernández Freire, CEO of Prosegur Crypto.
The implemented infrastructure also facilitates real-time audits and evidence preservation, which are critical for criminal cases involving tokenized or decentralized assets.
Spain Joins Europe’s Regulated Crypto Pivot
This development reflects Spain’s broader commitment to aligning with the European Union’s Markets in Crypto-Assets (MiCA) framework, which mandates strict security and compliance standards for custodians and service providers.
The move coincides with traditional banks in Spain and across Europe entering the crypto custody market. For instance, BBVA has established a new partnership with Ripple to offer digital asset services to its retail clients.
Simultaneously, the tokenization of assets continues to experience rapid expansion. Data from Dune and RWA.xyz indicates that tokenized real-world assets (RWAs) have seen a surge of over 224% since 2024, with their total value now exceeding $300 billion.
By incorporating crypto custody into its law enforcement framework, Spain is signaling a significant shift: digital assets are moving from the financial periphery to the regulatory core. The Interior Ministry’s decision represents one of the initial national instances of adopting institutional-grade blockchain security for public administration purposes.
As Europe continues to strengthen its crypto regulations, Spain’s adopted model may establish a precedent for governments managing seized tokens with the same level of rigor applied to traditional assets.