BNY launches crypto custody in Abu Dhabi, starting with Bitcoin and Ethereum support.

BNY, formerly BNY Mellon, has launched crypto custody services in Abu Dhabi through a partnership with Finstreet Limited and the ADI Foundation. Initially supporting Bitcoin and Ethereum, the service aims to expand to stablecoins, tokenized real-world assets, and other regulated digital products. This move marks BNY as the first U.S.-based global systemically important bank to offer crypto custody in the UAE, strengthening Abu Dhabi's role as a digital asset hub. The initiative bridges traditional finance with blockchain technology, reflecting growing institutional interest in digital finance.