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BNY Expands Crypto Custody to Abu Dhabi With $59T Custodian's First Middle East Move

GateNews

2026-05-18 09:53:09

BTC-2.07%

ETH-3.89%

BNY, the world’s largest custody bank overseeing $59 trillion in traditional assets, has expanded its digital-asset custody business to the United Arab Emirates through a partnership with Abu Dhabi-based Finstreet and ADI Foundation, according to CoinDesk. The initial service will custody Bitcoin (BTC) and Ethereum (ETH) within the Abu Dhabi Global Market (ADGM) regulatory framework, with stablecoins and tokenised real-world assets planned for future rollout. The move brings US-bank-grade institutional crypto custody to the regulated Middle East market.

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