BNY expands crypto custody push in Abu Dhabi
BNY announced Thursday that it is expanding its crypto custody business to the UAE through partnerships with Finstreet and ADI Foundation....
Key takeaways
- 1BNY partnered with Finstreet and ADI Foundation to offer institutional-grade crypto custody for Bitcoin and Ether in Abu Dhabi Global Market.
- 2BNY oversees $59.4 trillion in assets under custody and $2.1 trillion in assets under management globally.
- 3Future expansion planned to include stablecoins, tokenized real-world assets, and other regulated digital instruments through the partnership.
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Why it matters
BNY's UAE expansion signals major institutional adoption of crypto custody in a regulated Middle Eastern hub, strengthening crypto's credibility for institutional investors including Indian funds seeking safe global custody solutions. This reflects growing mainstream acceptance of digital assets and real-world asset tokenization as a financial infrastructure shift.
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