BNY — the world’s largest custody bank, overseeing $59 trillion in assets — is expanding its digital-asset custody business to the United Arab Emirates through Abu Dhabi-based partners Finstreet and ADI Foundation. The initial service will custody Bitcoin (BTC) and Ethereum (ETH), with stablecoins and tokenised real-world assets explicitly on the expansion roadmap. The build will sit inside the Abu Dhabi Global Market (ADGM) regulatory perimeter — moving institutional crypto custody from “available in Western markets” to “available in regulated Middle East venues with a US-bank-grade balance sheet behind it”. For ... (full story)