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- BNY expands crypto custody operations through major regulated Abu Dhabi partnership initiative
- UAE blockchain ambitions strengthen after BNY launches institutional Bitcoin custody infrastructure
- Abu Dhabi attracts global banks accelerating regulated digital asset finance expansion efforts
Institutional demand for regulated digital asset services continued expanding this week after The Bank of New York Mellon confirmed a major crypto custody move into the United Arab Emirates. The banking giant announced a partnership with Finstreet and ADI Foundation to launch institutional-grade crypto custody services within Abu Dhabi Global Market. Consequently, the development strengthens the UAE’s growing position as a regional center for blockchain finance and regulated digital asset activity.
According to details released by the companies, the custody platform will initially support Bitcoin and Ethereum services for institutional clients connected to Finstreet’s ecosystem. Additionally, the partnership plans to explore future integration involving blockchain infrastructure linked to ADI Foundation.
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BNY explained that the collaboration forms part of its broader expansion strategy across digital finance markets. Moreover, the bank emphasized that the UAE continues entering a new phase of financial modernization supported by blockchain technology and regulated digital asset infrastructure. Hani Kablawi, executive vice chair at BNY, stated that the institution remains focused on building financial infrastructure supporting future financial systems across the region and beyond.
Abu Dhabi Expands Institutional Blockchain Infrastructure
The agreement also highlights Abu Dhabi’s increasing efforts to attract blockchain companies and institutional crypto firms through supportive regulatory frameworks. Besides custody operations, the companies involved intend to support future products tied to stablecoins, tokenized real-world assets, and other regulated digital instruments.
Finstreet and ADI Foundation will provide blockchain infrastructure supporting the custody platform operating within Abu Dhabi Global Market. Meanwhile, BNY continues expanding its digital asset footprint following several recent blockchain-related initiatives targeting institutional finance. Earlier this year, the bank launched tokenized deposit services for institutional clients.
Additionally, OpenEden recently issued a tokenized investment product linked to strategies managed by BNY Investments. According to the announcement, BNY oversaw $59.4 trillion in assets under custody or administration as of March 31, 2026. The bank also managed approximately $2.1 trillion in assets globally during the same period.
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