BNY launches bitcoin and ether custody in Abu Dhab
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BNY launches bitcoin and ether custody in Abu Dhabi’s ADGM
BNY is launching institutional Bitcoin and Ether custody from Abu Dhabi’s ADGM with Finstreet and ADI, paving the way for stablecoin and tokenized‑asset support.
BNY plants a digital asset flag in ADGM
BNY has announced the launch of institutional digital asset custody services anchored in Abu Dhabi Global Market, positioning itself as the first U.S. global systemically important bank to offer crypto custody from the UAE’s financial free zone. According to a press release cited by Yahoo, the platform will initially support custody for Bitcoin and Ethereum, with expansion into stablecoins and tokenized real‑world assets planned once the service is live and regulatory approvals are secured.
The initiative is being delivered through a three‑way collaboration with Finstreet Limited and ADI Foundation. Finstreet, a digital market infrastructure group and Abu Dhabi–based multilateral trading facility operator, and ADI Foundation, described as a “sovereign‑grade blockchain infrastructure organization,” will provide the on‑the‑ground rails, while BNY supplies its global custody stack.
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