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BNY Mellon launches crypto custody services in the UAE.
BNY Mellon is launching crypto custody services in the UAE. At the first stage, the bank will hold BTC and ETH for institutional clients, with stablecoins and tokenized assets expected to be added later.
For the market, this is another sign that major global banks are moving deeper into digital assets not through experiments, but through core custody infrastructure. The more launches like this appear in the region, the faster the Middle East strengthens its role as one of the main hubs for institutional crypto.
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