BNY Mellon to Launch Institutional Digital Asset Custody in Abu Dhabi

BNY Mellon has announced plans to introduce a compliant institutional-grade digital asset custody service at the Abu Dhabi Global Market (ADGM). According to Odaily, this initiative aims to position Abu Dhabi as a global hub for digital finance by offering secure and scalable digital asset custody solutions to institutional clients. Initially, the service will support the custody of Bitcoin and Ethereum, with future expansions to include stablecoins, tokenized real-world assets (RWA), and other regulated digital financial products. The project is pending final agreement and regulatory approval.