BNY Mellon, the world's largest custodian bank, plans to offer digital asset custody in Abu Dhabi's ADGM, initially for Bitcoin and Ether via Finstreet. The move, backed by the ADI blockchain and local royal family, signals institutional crypto adoption and could reshape the Middle East market.

BNY Mellon is preparing to launch digital asset custody in Abu Dhabi with Finstreet and ADI Foundation, initially covering Bitcoin and Ether. The move could strengthen institutional crypto adoption in the Middle East and support growth in stablecoins and tokenized real-world assets.