BNY Targets UAE Crypto Market With New Custody Partnership
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BNY, partnering with Finstreet and ADI Foundation, is launching digital-asset custody in Abu Dhabi through ADGM, initially covering Bitcoin and Ethereum; - The roadmap expands to stablecoins, tokenized assets and blockchain settlement tied to regulated financial activity, strengthening institutional custody capacity and crypto adoption in the UAE (custody, crypto, ADGM, stablecoins, tokenized assets, blockchain settlement).
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- BNY expands digital asset custody operations into Abu Dhabi through local partners.
- Initiative starts with Bitcoin and Ethereum custody, later expanding into stablecoins and more.
- BNY, Finstreet, and ADI Foundation will combine custody, digital market, and blockchain infrastructure.
BNY is preparing to expand its digital asset custody operations into Abu Dhabi through a new collaboration with local firms Finstreet and ADI Foundation.
The initiative will operate through Abu Dhabi Global Market (ADGM), the financial center known for its digital asset regulatory framework, and will initially focus on custody services for Bitcoin and Ethereum. The project also outlines future plans involving stablecoins, tokenized assets, and blockchain settlement systems tied to regulated financial activity in the region.
The move connects one of the world’s largest custodian b…
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