BNY (Bank of New York Mellon), the world’s largest custodian bank overseeing around $59 trillion in assets, announced a strategic collaboration with Finstreet Limited and ADI Foundation on May 7, 2026. The partnership aims to provide regulated, institutional-grade digital asset custody services anchored in the Abu Dhabi Global Market (ADGM).

The initiative will initially focus on custody for bitcoin and ether for clients in the UAE, with plans to expand to stablecoins, tokenized assets, and integration with the ADI blockchain. This builds on BNY’s existing digital asset capabilities as the first U.S. G-SIB to offer such services.

The move supports Abu Dhabi’s position as a hub for regulated digital assets by combining BNY’s expertise with local infrastructure from Finstreet and ADI Foundation.