BNY, the world’s largest custodian overseeing $59 trillion in assets, is expanding its digital asset custody operations into the United Arab Emirates through partnerships with Finstreet and the ADI Foundation. The initiative, based in Abu Dhabi Global Market, will initially support custody for Bitcoin and Ethereum before expanding into stablecoins and tokenized assets. The move highlights growing institutional adoption of blockchain infrastructure and strengthens the UAE’s position as a global hub for regulated digital asset finance and tokenization.
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