Major Custodian Bank BNY Expands into Abu Dhabi with New Digital Asset Custody Initiative

BNY is partnering with Finstreet and the ADI Foundation to launch digital asset custody services in Abu Dhabi. Meanwhile, the world’s largest custodian bank is also developing a regulated digital asset infrastructure within the Abu Dhabi Global Market (ADGM).

The initial rollout will focus on custody for Bitcoin and Ethereum, with planned expansion into stablecoins and tokenized assets. The initiative builds on BNY’s scale as a global custodian overseeing approximately $59 trillion in assets.

Source: CoinDesk