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BNY Brings Crypto Custody Services to Abu Dhabi
Sohrab is a passionate cryptocurrency news writer with over five years of experience covering the industry. He keeps a keen interest in blockchain technology and its potential to revolutionize finance. Whether he's trading or writing, Sohrab always keeps his finger on the pulse of the crypto world, using his expertise to deliver informative and engaging articles that educate and inspire. When he's not analyzing the markets, Sohrab indulges in his hobbies of graphic design, minimal design or listening to his favorite hip-hop tunes.
BNY Mellon is expanding its digital asset business into Abu Dhabi by launching crypto custody services through local partners Finstreet and ADI Foundation. The initiative will operate within the Abu Dhabi Global Market (ADGM) regulatory framework and initially support Bitcoin and Ethereum custody for institutional clients. The bank also plans to expand into stablecoins and tokenized assets in the future. With nearly $59 trillion in assets under custody and administration, BNY’s move highlights growing institutional interest in regulated crypto infrastructure across the Middle East.
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