BNY Brings MiCA-Regulated Digital Asset Custody to European Institutions
Key points
- BNY announced on 8 October 2026 the expansion of its Digital Asset Custody platform to select EU institutions under the MiCA framework.
- The Bank of New York Mellon SA/NV was added to the European Securities and Markets Authority's MiCA register in July 2026, providing the regulatory basis for the service.
- Supported assets currently include BTC, ETH, SOL, and USDC, with BNY stating ambitions to extend coverage to broader crypto-assets and stablecoins.
- The platform, launched in 2022, uses multiparty computation technology, segregated client wallets, and private key storage as security controls.
- BNY oversees $62.6 trillion in assets under custody and/or administration as of 30 June 2026, positioning it as one of the largest custodians to enter EU-regulated digital asset custody.
BNY has extended its Digital Asset Custody platform to select European Union institutions, operating under the Markets in Crypto-Assets (MiCA) regulatory framework. The move makes BNY one of the first global systemically important banks to offer regulated digital asset custody in the EU, with the bank citing accelerating demand from banks, broker-dealers, asset managers, and corporate treasurers across the region.
The operational basis for the expansion was secured in July 2026, when The Bank of New York Mellon SA/NV, BNY’s European banking entity, was added to the European Securities and Markets Authority’s MiCA register. That registration enables BNY to provide custody, administration, and transfer services for crypto-assets on behalf of European clients. The platform, originally launched in 2022, employs multiparty computation technology, segregated client wallets, and private key storage as its core security architecture. Assets currently supported include BTC, ETH, SOL, and USDC, with stated ambitions to broaden coverage to additional crypto-assets and stablecoins.
The strategic framing from BNY positions custody as foundational infrastructure rather than a standalone product, with the platform intended to underpin use cases spanning digital cash, tokenised assets, payments, settlement, and collateral mobility. For European institutional operators, the practical question is whether a G-SIB (global systemically important bank) custodian operating under MiCA changes their procurement calculus relative to crypto-native or mid-tier custodians. The scale of BNY’s existing custody franchise, which oversees $62.6 trillion in assets under custody and/or administration as of 30 June 2026, gives it a credible claim to institutional-grade resilience, though the breadth of asset support remains a work in progress.