BNY Expands Digital Asset Custody Platform in Europe Through MiCA-Registered Entity

• BNY expands its digital asset custody platform in Europe under the EU's MiCA framework.

• The move adds to a growing crypto custody push by Wall Street giants, including ICE and Standard Chartered.

• The bank is expanding its institutional digital asset infrastructure as demand for crypto custody and tokenized assets grows.

Wall Street's crypto custody race is heating up. Financial giants including Intercontinental Exchange (ICE) and Standard Chartered are expanding their digital asset custody businesses. Now, BNY is the latest traditional finance heavyweight to strengthen its position in the sector.

In its latest move, BNY has announced the expansion of its digital asset custody platform in Europe, under the European Union's Markets in Crypto-Assets (MiCA) framework.

Announced on October 8, the move gives select institutional clients access to regulated cryptocurrency custody services in Europe. It follows BNY's European banking entity, The Bank of New York Mellon SA/NV, being added to the European Securities and Markets Authority's (ESMA) MiCA register in July 2026.

The expansion comes shortly after Standard Chartered announced plans to expand its digital asset custody in Singapore. It builds onto the going acceleration on how major banking institutions are building infrastructure to serve growing demand for crypto custody, stablecoins and tokenized financial assets.