Crypto news, Wall Street's BNY (the world's largest asset custody bank, managing $59 trillion in assets) is expanding its digital asset custody business in Abu Dhabi through local partners. The bank is collaborating with Finstreet and the ADI Foundation to establish a compliant digital asset infrastructure based on Abu Dhabi Global Market (ADGM). Initially, the focus will be on custody services for cryptocurrencies such as Bitcoin and Ethereum, with plans to expand to stablecoins and tokenized assets in the future. BNY's initiative reflects a broader push by major financial institutions to bring blockchain technology into mainstream markets. Abu Dhabi and Dubai have attracted crypto exchanges, stablecoin issuers, and tokenization startups, with regulatory frameworks designed to support digital assets while maintaining institutional oversight.