News Roundup — BNY to launch Bitcoin and Ethereum custody for UAE institutions

Major news stories this week;

1. BNY to launch institutional Bitcoin, Ethereum custody for investors in UAE
2. U.S. spot Bitcoin ETFs draw $532 million as inflows extend to a third day led by BlackRock and Fidelity
3. Western Union launches USDPT stablecoin with Anchorage on Solana
4. DTCC plans tokenized securities rollout with Wall Street backing
5. CLARITY Act stablecoin debate intensifies as banks push back

Story Summaries;

1. BNY is preparing to offer institutional custody services for Bitcoin and Ethereum to investors in the UAE. The move reflects growing demand for regulated digital asset infrastructure in the region and further strengthens Abu Dhabi’s position as a crypto-friendly financial hub.
2. U.S. spot Bitcoin ETFs saw another major day of inflows, led by products from BlackRock and Fidelity. The sustained demand highlights continued investor appetite for regulated Bitcoin exposure through traditional financial products.
3. Western Union has launched USDPT, a dollar-backed stablecoin issued by Anchorage and built on Solana. The initiative aims to support faster, 24/7 global settlement and shows how established payments companies are increasingly adopting blockchain-based infrastructure.
4. DTCC is moving ahead with plans to launch tokenized securities with support from major Wall Street and crypto industry participants. The initiative could become a major step toward bringing tokenization into mainstream financial market infrastructure.
5. The CLARITY Act is facing pushback from the banking sector over provisions tied to stablecoins and digital asset market structure. The debate underscores the tension between traditional finance and crypto firms as U.S. lawmakers work toward clearer rules for digital assets.

And that’s all for last week’s news! Wishing you a great week ahead!