Techub News reports that, according to Blockonomi, the world's largest custodian bank BNY announced a partnership with Finstreet and ADI Foundation to provide regulated cryptocurrency custody services in the Abu Dhabi Global Market, initially supporting Bitcoin and Ethereum, with plans to include stablecoins and tokenized assets later. The bank currently manages approximately $59 trillion in assets, and this business makes it the first U.S. systemically important bank to offer digital asset custody in the UAE. BNY Vice Chairman Hani Kablawi stated that this move aims to connect traditional and digital financial ecosystems and support the development of the UAE financial market.

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