BNY Mellon Expands Bitcoin and Ethereum Custody in Abu Dhabi Global Market

BNY Mellon, Finstreet, and ADI Foundation are building regulated digital asset infrastructure in Abu Dhabi Global Market, beginning with Bitcoin and Ethereum custody and later targeting stablecoins and tokenized assets.

BTC

ETH

11d ago

Fact Check

All three sources retrieved - the CoinDesk primary news report (May 7, 2026), the PANewsLab corroborating article, and the WuBlockchain X post - consistently confirm every element of the claim: BNY Mellon partnering with Finstreet and ADI Foundation to build regulated digital asset infrastructure in Abu Dhabi Global Market, beginning with Bitcoin and Ethereum custody and later targeting stablecoins and tokenized assets. The CoinDesk article is the authoritative primary source, authored by named journalists and published on the event date. No conflicting or contradictory evidence was found.

Summary

BNY Mellon is partnering with Finstreet and ADI Foundation to develop regulated digital asset infrastructure in Abu Dhabi Global Market. The initial phase centers on custody for Bitcoin and Ethereum, with later expansion planned for stablecoins and tokenized assets. The move extends BNY Mellon’s digital asset activity in the United Arab Emirates and comes from a firm that manages $59 trillion in assets.

Terms & Concepts

Stablecoins: Digital tokens designed to maintain a stable value, usually by being linked to a fiat currency such as the U.S. dollar.
Tokenized assets: Traditional or real-world assets represented on a blockchain, allowing digital transfer, tracking, or ownership management.