Crypto World News reports that BNY has announced the launch of institutional-grade Bitcoin and Ethereum custody services at Abu Dhabi Global Market (ADGM), becoming the first U.S. global systemically important bank to offer crypto custody in the UAE free zone. The platform will initially support custody of Bitcoin and Ethereum, with plans to expand in the future to stablecoins and tokenized assets. This collaboration is jointly promoted by BNY, Finstreet, and the ADI Foundation: Finstreet, a digital market infrastructure group, and the ADI Foundation, which provides sovereign-level blockchain infrastructure. BNY currently manages a total of $59.4 trillion in assets, aiming to enhance institutional crypto custody services in the region.

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