BNY to Add Crypto Staking to Digital Asset Custody Platform
The partnership lets eligible institutional clients stake assets held in custody through BNY’s platform, pending regulatory approval.
- On Tuesday, BNY partnered with Galaxy Digital Inc. to add Staking capabilities to its Digital Asset Custody platform, pairing an onchain infrastructure leader with a trusted global financial institution.
- For more than 240 years, BNY has served as a global financial services platform, currently overseeing $62.6 trillion in assets under custody and administration for Fortune 100 companies.
- Galaxy will provide Staking infrastructure while serving as a design partner as BNY expands blockchain-based services, enabling clients to lock Digital Assets in exchange for network rewards.
- Eligible institutional clients can access Staking within BNY's broader servicing model, with integrated Digital Asset Custody and reporting capabilities designed to streamline participation in digital asset markets.
- The Company plans to introduce around-the-clock settlement for tokenized Treasuries in 2027 and will begin testing tokenized Treasuries on a private platform before the end of this year.
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BNY’s Portney on Global Digital Transfer Agency Launch
BNY has announced a new partnership with Galaxy Digital aimed at enhancing its digital asset infrastructure, reflecting the bank's ongoing commitment to expanding its presence in the digital asset space. Emily Portney, BNY's Global Head of Asset Servicing Business, explained that this partnership enables BNY to offer staking services for digital assets held in custody. She speaks with Romaine Bostick on "The Close." (Source: Bloomberg)
BNY taps Galaxy for institutional crypto staking
BNY is adding Galaxy’s staking infrastructure to its digital asset custody platform, giving eligible institutional clients access to custody and staking through one servicing model. BNY adds staking to institutional crypto custody Galaxy said it has entered a strategic collaboration…
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BNY and BlackRock funnel billions through one infrastructure provider, exposing the fragile illusion of crypto diversification
BNY's Digital Asset Custody platform plans to provide institutional crypto staking support through Galaxy's infrastructure, the two firms said Aug. 4. BNY touches roughly 20% of the world's investable assets, with $62.6 trillion in assets under custody and administration...
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