BNY to Launch Institutional Bitcoin, Ethereum Custody for Investors in UAE
Cointelegraph
BNY is partnering with Finstreet and ADI Foundation to offer institutional digital asset custody services in the United Arab Emirates.Summary
BNY has announced a partnership with Finstreet and the ADI Foundation to provide institutional custody services for Bitcoin and Ether in the United Arab Emirates. Operating from the Abu Dhabi Global Market, the initiative aims to bridge traditional finance with digital assets, with future plans to expand into stablecoins and tokenized real-world assets. As the first U.S. global systemically important bank to offer such services, BNY's move reflects the UAE's growing influence as a hub for regulated digital asset infrastructure and blockchain-based financial solutions.
(Source：Cointelegraph)