BNY Expands Digital-Asset Custody for EU Institutional Clients

BNY is extending its Digital Asset Custody platform to selected institutional clients in the European Union, adding regulated custody, administration and transfer services for four digital assets under the bloc’s Markets in Crypto-Assets framework.

The offering covers Bitcoin (BTC), Ether (ETH), Solana (SOL) and USD Coin (USDC). More crypto-assets and stablecoins are planned for future support.

The Bank of New York Mellon SA/NV, BNY’s European banking entity, is listed in the European Securities and Markets Authority’s MiCA register. The registration enables custody, administration and transfer services for crypto-assets on behalf of clients.

MiCA establishes European Union-wide requirements for crypto-asset transparency, disclosures, authorization and supervision. Firms providing crypto-asset services must receive authorization as crypto-asset service providers or qualify under provisions for certain financial entities.

ESMA’s register includes authorized crypto-asset service providers and records information supplied by national authorities and the European Banking Authority. The register is updated weekly and was last updated Oct. 7.

BNY’s custody infrastructure uses multiparty computation, segregated client wallets and private-key storage. The bank launched its Digital Asset Custody platform in 2022.

“Digital asset adoption is accelerating across Europe — from banks and broker-dealers expanding crypto-asset and stablecoin offerings to asset managers and corporate treasurers exploring digital payments and tokenized securities to enhance liquidity, settlement and collateral mobility,” Jennifer Barker, Head of Europe at BNY, said.

“To support increasingly digital strategies, institutions need solutions with the same resilience, oversight and safeguards they rely on across traditional operations,” Barker said.

BNY reported $62.6 trillion in assets under custody and/or administration and $2.2 trillion in assets under management as of June 30, 2026.

The European expansion follows BNY’s separate cooperation with KB Kookmin Bank on planned cross-border digital-asset payment and remittance services through the banks’ strategic memorandum of understanding.