BNY has announced the expansion of its Digital Asset Custody platform for selected institutions in the European Union under the Markets in Crypto-Assets (MiCA) framework, making BNY “one of the first global systemically important banks to offer regulated custody of digital assets in the region.”
According to company statements, the expansion follows the inclusion of The Bank of New York Mellon SA/NV, BNY’s European banking entity, in the European Securities and Markets Authority’s MiCA register in July 2026, which allows BNY to provide custody, administration, and transfer services for crypto-assets on behalf of its clients in one of the world’s largest regulated digital asset markets.
“The adoption of digital assets is accelerating across Europe: from banks and broker-dealers expanding their crypto-asset and stablecoin offerings, to asset managers and corporate treasurers leveraging digital payments and tokenized securities to improve liquidity, settlement, and collateral mobility,” points out Jennifer Barker, Head of Europe at BNY. Barker adds that to support increasingly digital strategies, institutions need solutions with the same resilience, oversight, and safeguards they rely on in their traditional operations. “By expanding our platform in Europe, we provide clients with an institutional-grade infrastructure to navigate this transition with confidence,” she specifies.
Secure and Regulated Digital Asset Custody
Launched in 2022, BNY’s Digital Asset Custody platform offers secure custody and management of digital assets through an infrastructure designed with security and risk management controls, including multi-party computation technology, segregated client wallets, and private key storage.
Through a well-developed custody model, BNY can offer market participants regulated access to assets such as BTC, ETH, SOL, and USDC, with the ambition to support a broader range of crypto-assets and stablecoins.
“Our platform is not a standalone solution; we built it on the deep expertise, rigorous controls, and firm commitment to client trust that underpin our existing asset services franchise. As we expand this capability, we prepare more clients to integrate their current operations with emerging digital strategies more seamlessly, efficiently, and transparently across the entire asset lifecycle,” comments Emily Portney, Global Head of Asset Services at BNY.
Foundation for Innovation in Digital Assets
Digital Asset Custody is the foundation of BNY’s digital asset capabilities, as it supports use cases in digital cash, tokenized assets, payments, settlement, and collateral mobility across the financial ecosystem. According to Carolyn Weinberg, Chief Innovation and Market Transformation Officer at BNY, “thanks to our central role and scale in capital markets, BNY remains committed to building the financial infrastructure of the future in partnership with our clients. This expansion reflects our ongoing investment in BNY’s capabilities to connect traditional and digital financial ecosystems, as well as to develop solutions that drive new forms of financial activity for our clients globally.”
