BNY expands digital asset custody business in the EU, complying with MiCA framework requirements

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TLDR: Core Points

MiCA Registration and Executive Comments:

BNY (Bank of New York Mellon) now provides regulated digital asset custody services to some EU institutional clients.
BNY's European entities have joined the MiCA register of the European Securities and Markets Authority (ESMA) in July 2026, thereby obtaining qualifications for crypto asset custody services.
The platform currently supports BTC, ETH, SOL and USDC, and plans to expand to a wider range of cryptocurrencies and stablecoins in the future.

Platform security and supporting assets:

Launched in 2022, the platform uses multi-party computing technology, isolated wallets and private key storage mechanisms.

BNY introduces regulated digital asset custody services in the EU

Under the framework of the Cryptographic Asset Markets Regulation (MiCA), BNY (Bank of New York Mellon) is now officially providing digital asset custody services to select institutional customers in the EU. The company announced the expansion in Brussels on October 8. As one of the first global systemically important banks to provide regulated digital asset custody services in the region, BNY's services cover custody, management and transfer functions of crypto assets, designed to serve the world's largest and most well-regulated digital asset market. Customer groups in the asset market.

MiCA Registration and Executive Views

This business expansion follows a register update in July 2026. BNY's European banking entity, Bank of New York Mellon SA/NV, has officially joined the European Securities and Markets Authority (ESMA)'s MiCA register. The move allows BNY to provide custody, management and transfer services for its customers of crypto assets, covering one of the largest regulated digital asset markets.

Jennifer Barker, head of BNY Europe, explained the market demand background for this launch. "The adoption of digital assets in Europe is accelerating," she said. She pointed out that many banks and broker-dealers are expanding their product lines of crypto assets and stablecoins; at the same time, asset management companies and corporate finance departments are also actively exploring digital payments and tokenized securities.

Barker also highlighted the high requirements of institutional customers for compliance standards. She mentioned that customers need solutions with "the same resilience, oversight and security as traditional operations." She added that what BNY is providing customers is an "institutional infrastructure" to help them confidently cope with this transformation process.

The announcement called this update breakthrough news, particularly emphasizing that the platform has institution-level security, risk management capabilities and operational expertise. In addition, the announcement pointed out that the platform also supports liquidity management of digital cash, tokenized assets, payments, settlements and collateral.

Platform Security Architecture and Supporting Assets

The BNY digital asset custody platform will be launched in 2022 and is committed to providing secure digital asset custody and related services. Its infrastructure includes multi-party computing technology, client funds isolation wallets, and private key storage solutions. BNY has designed these controls to support risk management and security throughout the service process.

Through this model, customers can access regulated managed services for BTC, ETH, SOL and USDC. BNY also expressed ambition to support a wider range of cryptocurrencies and stablecoins. Currently, the platform mainly serves selected institutional customers within the EU who meet the requirements of the MiCA Framework.

Emily Portney, Global Head of Asset Services at BNY, explained the logic of building the platform. "Our platform is not an isolated solution," she said. According to Portney, the platform draws on the company's existing expertise and control systems in asset services. She added that the expansion allows customers to integrate operations with digital strategies "throughout the entire asset life cycle."

Carolyn Weinberg, BNY's chief innovation and market transformation officer, also commented on the expansion. She emphasized that BNY is committed to working with customers to "build the financial infrastructure of the future." Weinberg pointed out that the expansion connects traditional and digital financial ecosystems, and mentioned the company's commitment to continuing to invest in improving its capabilities.