BNY Expands Digital Asset Custody Services to UAE, Managing $59 Trillion in Assets

According to BlockBeats, BNY announced today that it is expanding its digital asset custody services to the United Arab Emirates through partnerships with Finstreet and ADI Foundation. The initiative will build regulated digital asset infrastructure within Abu Dhabi Global Market (ADGM), a financial free zone that has become a hub for crypto enterprises entering the Middle East region.

The custody services will initially focus on Bitcoin and Ethereum, with plans to extend to stablecoins and tokenized assets in the future.

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