BNY Brings $59T Custody Power to UAE’s Crypto Scene: Bitcoin, Ethereum & More!

BNY Expands Digital Asset Custody Business Into UAE Amid Tokenization Push

BNY Mellon, the world’s largest asset custodian with $59 trillion under its care, is bringing its digital asset custody services to the United Arab Emirates. They’re partnering with Finstreet and the ADI Foundation to offer these services, starting in Abu Dhabi Global Market. Initially, they will support Bitcoin and Ethereum, with plans to later include stablecoins and other digital assets. This expansion demonstrates increasing interest from traditional financial institutions in blockchain technology and reinforces the UAE’s role as a leading, regulated center for digital asset finance.

Read More

2026-05-07 09:21