BNY, world's largest custody bank, expands crypto services in Abu Dhabi
CoinDesk
BNY is expanding its digital asset custody services into Abu Dhabi through partnerships to provide regulated infrastructure for bitcoin, ether, and tokenized assets.Summary
BNY, the world's largest custodian managing $59 trillion in assets, is launching digital asset custody services in the United Arab Emirates. By partnering with Finstreet and the ADI Foundation, the bank aims to establish regulated infrastructure within the Abu Dhabi Global Market (ADGM). The initiative will begin with support for bitcoin and ether, with future plans to include stablecoins and tokenized assets. This move highlights the growing trend of traditional financial institutions integrating blockchain technology and underscores the UAE's rising status as a regional hub for digital asset finance.
(Source：CoinDesk)