TechFlow News: On May 7, according to CoinDesk, BNY Mellon—the world’s largest custodian bank, with $59 trillion in assets under custody—announced a collaboration with Finstreet and the ADI Foundation to launch digital asset custody services in the United Arab Emirates, operating under the regulatory framework of the Abu Dhabi Global Market (ADGM). Initially, the service will focus on custody for Bitcoin (BTC) and Ethereum (ETH), with plans to expand later to stablecoins and tokenized assets.
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