BNY Extends Digital Asset Custody to Select EU Institutions

BNY now offers custody of BTC, ETH, SOL and USDC to select EU institutions through its Belgian bank, per its Oct. 8, 2026 release. NFA.

Expansion Details

BNY expanded its Digital Asset Custody platform to select EU institutions in a release dated Oct. 8, 2026. The move brings the service to banks, broker-dealers, asset managers and corporate treasurers. BNY provides the service through The Bank of New York Mellon SA/NV, its Brussels-based European bank.

Asset Coverage

The EU service covers BTC, ETH, SOL and USDC. BNY says the platform runs 24/7 with real-time data and settlement and no cutoff times. BNY says the EU service spans custody, administration and transfer of crypto-assets on behalf of clients.

Security Setup

BNY says the platform uses multiparty computation, segregated client wallets and private-key storage. These measures support the custody, administration and transfer functions. BNY says institutions want the same resilience, oversight and safeguards for digital work as for traditional operations.

Platform Background

BNY launched the platform in 2022. The Oct. 8 release extends it to EU clients. BNY’s digital assets page describes one interface for traditional and digital assets, with combined reporting. BNY says custody underpins its work on digital cash, tokenized assets, payments, settlement and collateral mobility.

Growth Plans

BNY says it aims to support more crypto-assets and stablecoins over time. The firm names banks, broker-dealers, asset managers and corporate treasurers among the institutions it serves. BNY’s digital assets page says the platform runs 24/7 with real-time data and settlement and no cutoff times.

Service Scope

The EU service spans custody, administration and transfer of crypto-assets on behalf of clients. BNY says the platform uses multiparty computation, segregated client wallets and private-key storage. These tools align with the resilience institutions seek for digital operations.

Reporting Features

BNY’s digital assets page describes one interface for traditional and digital assets, with combined reporting. This setup supports the custody and administration work. BNY says institutions want the same resilience, oversight and safeguards for digital work as for traditional operations.

Future Direction

BNY says it aims to support more crypto-assets and stablecoins over time. The Oct. 8 release marks the step that brings the existing platform to EU clients. BNY says custody underpins its work on digital cash, tokenized assets, payments, settlement and collateral mobility.