BNY Mellon to offer institutional custody for Bitcoin and Ethereum in Abu Dhabi.

BNY Mellon, the world's largest custodian bank, is launching an institutional custody service for Bitcoin and Ethereum in Abu Dhabi, partnering with Finstreet Limited and ADI Foundation. This move highlights growing acceptance of crypto as a financial infrastructure, not just a speculative asset. Abu Dhabi aims to become a regulated global crypto hub, attracting long-term capital and institutions. The project awaits final agreements and regulatory approval, signaling traditional finance's cautious but firm entry into crypto custody.