BNY collaborates with Finstreet and ADI Foundation
07 May 2026 UAE
Image: Ayeza/stock.adobe.com
BNY, Finstreet, and ADI Foundation have announced a strategic collaboration that intends to offer regulated, scalable, institutional-grade digital asset custody anchored in the Abu Dhabi Global Market.
Finstreet, a digital market infrastructure group, and ADI Foundation, an Abu Dhabi-based sovereign-grade blockchain infrastructure organisation, will jointly support this initiative.
This strategic collaboration aims to accelerate the adoption of digital assets by UAE clients and offers access to a fully localised, secure, compliant, and scalable digital asset custody solution.
Through the integration of Finstreet’s digital market ecosystem with ADI Foundation’s sovereign-grade blockchain infrastructure, BNY extends its custody capabilities into the UAE.
The collaboration is initially focused on supporting digital asset custody such as Bitcoin and Ethereum for Finstreet’s clients and ecosystem, and later, the companies will explore an extension to ADI Foundation’s underlying blockchain rails.
This marks a first step in Finstreet and ADI Foundation’s ambitions to progressively expand product scope to include stablecoins, tokenised real-world assets, and other regulated digital instruments.
Ajay Bhatia, principal council member, ADI Foundation, comments: “By combining the strength of Abu Dhabi’s advanced regulatory clarity with BNY’s globally recognised financial expertise and capabilities, ADI Chain — our sovereign-grade digital infrastructure — will unlock new opportunities in custody, trade finance, and lending from Abu Dhabi to the world.”
Hani Kablawi, executive vice chair, BNY, adds: “Together with IHC and its subsidiaries Finstreet and ADI Foundation, we are proud to be building the financial infrastructure for the future and unlock new capabilities in the region and beyond.”
Akshay Mahajan, co-founder and group director, Finstreet: “With this strategic collaboration, Finstreet is expanding access to digital assets and blockchain technology as a trusted operating system for global markets.”
Finstreet, a digital market infrastructure group, and ADI Foundation, an Abu Dhabi-based sovereign-grade blockchain infrastructure organisation, will jointly support this initiative.
This strategic collaboration aims to accelerate the adoption of digital assets by UAE clients and offers access to a fully localised, secure, compliant, and scalable digital asset custody solution.
Through the integration of Finstreet’s digital market ecosystem with ADI Foundation’s sovereign-grade blockchain infrastructure, BNY extends its custody capabilities into the UAE.
The collaboration is initially focused on supporting digital asset custody such as Bitcoin and Ethereum for Finstreet’s clients and ecosystem, and later, the companies will explore an extension to ADI Foundation’s underlying blockchain rails.
This marks a first step in Finstreet and ADI Foundation’s ambitions to progressively expand product scope to include stablecoins, tokenised real-world assets, and other regulated digital instruments.
Ajay Bhatia, principal council member, ADI Foundation, comments: “By combining the strength of Abu Dhabi’s advanced regulatory clarity with BNY’s globally recognised financial expertise and capabilities, ADI Chain — our sovereign-grade digital infrastructure — will unlock new opportunities in custody, trade finance, and lending from Abu Dhabi to the world.”
Hani Kablawi, executive vice chair, BNY, adds: “Together with IHC and its subsidiaries Finstreet and ADI Foundation, we are proud to be building the financial infrastructure for the future and unlock new capabilities in the region and beyond.”
Akshay Mahajan, co-founder and group director, Finstreet: “With this strategic collaboration, Finstreet is expanding access to digital assets and blockchain technology as a trusted operating system for global markets.”
NO FEE, NO RISK
100% ON RETURNS If you invest in only one asset servicing news source this year, make sure it is your free subscription to Asset Servicing Times
100% ON RETURNS If you invest in only one asset servicing news source this year, make sure it is your free subscription to Asset Servicing Times
