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BNY Mellon partners with Finstreet Limited and ADI Foundation to offer crypto custody in the UAE.
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The custodian will initially provide Bitcoin and Ethereum crypto custody services.
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The companies will later expand to include stablecoins, tokenized RWAs, and other regulated digital instruments.
Wall Street giant BNY Mellon (now BNY) will offer crypto asset custody in Abu Dhabi, the UAE, the global financial services company announced on Thursday. It will initially launch Bitcoin and Ethereum crypto custody services, with plans of expanding to stablecoins, tokenized real-world assets, and other regulated digital instruments.
