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The world's largest custodian bank is planting its flag in the Gulf: BNY Mellon has partnered with Finstreet and ADI Foundation to offer institutional-grade crypto custody services inside the Abu Dhabi Global Market. The trio will initially support bitcoin and ether custody for Finstreet's clients, with plans to extend into ADI Foundation's blockchain infrastructure.
The roadmap doesn't stop at spot custody. The partnership explicitly targets stablecoins, tokenized real-world assets, and other regulated digital instruments as the next expansion layer — a signal that BNY is treating Abu Dhabi as a beachhead for broader digital-asset infrastructure in the region.
The move fits a clear strategic pattern. BNY — which oversees $59.4 trillion in assets under custody or administration as of March 31, 2026, and serves over 90% of Fortune 100 companies — launched a tokenized deposit service in…
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