BNY Mellon Expands Crypto Custody Services in UAE

BNY Mellon has announced its entry into the Abu Dhabi market, marking another significant step in the expansion of its crypto custody services. The company will initially provide custody solutions for Bitcoin and Ethereum, with plans to expand its offerings to stablecoins, tokenized real-world assets, and other regulated digital instruments.

The collaboration between BNY Mellon, Finstreet Limited, and ADI Foundation aims to boost the adoption of crypto custody in the UAE. By integrating Finstreet's advanced digital market ecosystem with ADI Foundation's sovereign-grade blockchain infrastructure, the companies aim to provide fully localized, secure, compliant, and scalable crypto custody services.

BNY Mellon's move into the Abu Dhabi market is part of its broader strategy to bridge traditional finance and the crypto industry. The company's world-class capabilities and scale across capital markets are expected to help the UAE become a global hub for digital finance.