BTC $81,774 
ETH $2,471 
USDT $0.9993 
BNB $735.88 
XRP $1.38 
USDC $0.9996 
SOL $110.20 
TRX $0.3327 
FIGR_HELOC $1.03 
ZEC $1,187 BNY expands regulated crypto custody to European Union clients under MiCA
BNY's Digital Asset Custody platform now serves selected institutional clients in the EU after its European entity joined the ESMA MiCA register.
Key takeaways
- Assets at BNY. BNY reported $62.6 trillion in assets under custody or administration as of the end of June, alongside $2.2 trillion in assets under management.
- EU registration. BNY's European banking entity joined the European Securities and Markets Authority MiCA register in July 2026.
- Platform dates to 2022. The custody platform launched in 2022 and covers BTC, ETH, SOL and USDC.
What happened
BNY has extended its Digital Asset Custody service to selected institutional clients in the EU under the Markets in Crypto-Assets framework. The bank announced the move on October 8 in Brussels.
It follows the addition of The Bank of New York Mellon SA/NV, BNY's European banking entity, to the European Securities and Markets Authority MiCA register in July 2026. That registration lets the bank provide custody, administration and transfer services for crypto assets on behalf of eligible clients in the EU.
BNY first launched the platform in 2022. The setup uses multiparty computation technology, separate client wallets and private key storage, and it gives clients regulated custody for BTC, ETH, SOL, and USDC.
Jennifer Barker, Head of Europe at BNY, said "Digital asset adoption is accelerating across Europe." Emily Portney, Global Head of Asset Servicing, said "Our platform isn't a standalone solution" and that it draws on the firm's existing servicing expertise. Carolyn Weinberg, Chief Innovation and Market Transformation Officer, said BNY is "committed to building the financial infrastructure of the future in partnership with our clients."
The company is one of the first global systemically important banks to offer regulated digital asset custody in the region.
Why it matters
BNY reported $62.6 trillion in assets under custody or administration at the end of June, plus $2.2 trillion in assets under management. At that scale, regulated crypto custody sits inside an existing servicing network, which brings digital assets closer to the operational plumbing used for conventional securities.
MiCA replaced country-by-country rules, where licensing and permitted services varied widely, with one common rulebook for banks and crypto companies operating across participating EU markets.
Funds holding Bitcoin, Ether or tokenized assets need more than a wallet. They need clear audit trails, separation of client assets, reporting and governance, plus a regulated entity that owns the custody relationship.
The move also raises competitive pressure on crypto-native custodians, which built much of the early institutional market while conventional banks lagged.
BNY points to banks and broker-dealers widening their digital asset and stablecoin services, while asset managers and corporate treasurers look at tokenized securities, digital payments and blockchain-based settlement.
What the data shows
BNY reported $62.6 trillion in assets under custody or administration as of the end of June. Assets under management stood at $2.2 trillion.
The Bank of New York Mellon SA/NV joined the ESMA MiCA register in July 2026. The platform dates to 2022 and supports BTC, ETH, SOL and USDC.
Background
BNY first launched its digital asset custody platform in 2022. Specialist custodians built much of the early institutional market while conventional banks lagged, and MiCA lowers the barrier for established banks that already hold large client bases.
Questions readers ask
What is BNY's Digital Asset Custody platform?
It is a custody service BNY first launched in 2022 that provides safekeeping and servicing of digital assets. BNY says it uses multiparty computation technology, segregated client wallets and storage of private keys.
Which crypto assets can BNY custody for EU clients?
Through the MiCA-registered platform, clients can access regulated custody for BTC, ETH, SOL, and USDC.
When did BNY's European entity join the MiCA register?
The Bank of New York Mellon SA/NV joined the European Securities and Markets Authority MiCA register in July 2026. That registration allows it to provide custody, administration and transfer services for crypto assets in the EU.
Why does MiCA matter for bank crypto custody?
MiCA gives banks and crypto companies one set of rules for operating across participating EU markets. It replaced a patchwork in which licensing and permitted services differed significantly between countries.
