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BNY Expands Bitcoin and Ether Custody Services Into Abu Dhabi
BNY, which oversees about $59 trillion in assets under custody and administration, is expanding its digital asset custody business into the UAE through local partners. The initiative is being built with Finstreet and ADI Foundation in Abu Dhabi Global Market, a financial free zone that has drawn crypto firms and blockchain projects. The initial focus is custody for Bitcoin and Ether, with plans to expand later into stablecoins and tokenized assets.