New York Bank Partners with Finstreet and ADI Foundation for Digital Asset Custody

New York Bank (NYSE: BK) has announced a strategic partnership with digital market infrastructure provider Finstreet Limited and the Abu Dhabi-based sovereign blockchain infrastructure organization, ADI Foundation. According to Foresight News, the collaboration aims to offer regulated, scalable institutional-grade digital asset custody services based on the Abu Dhabi Global Market (ADGM). The partnership seeks to accelerate the adoption of digital assets among UAE clients by providing secure, compliant, and scalable custody solutions. Initially, the focus will be on supporting the custody of digital assets like Bitcoin and Ethereum for Finstreet's clients and ecosystem. The partners will later explore expanding their collaboration to include ADI Foundation's underlying blockchain platform.