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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