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 has partnered with Galaxy Digital to enhance its digital asset infrastructure, allowing the bank to offer staking services for digital assets in custody. Emily Portney, BNY's Global Head of Asset Servicing Business, discussed the partnership on "The Close."

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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&#8230;

BNY is integrating Galaxy's staking infrastructure into its digital asset custody platform, allowing eligible institutional clients to access both custody and staking services through a single model. This collaboration aims to enhance BNY's offerings in the institutional crypto space.

BNY taps Galaxy for institutional crypto staking

<p style="float:right; margin:0 0 10px 15px; width:240px;"><img src="https://s3-images.ctmedia.io/media/article-covers/article-covers-60958-bny-mellon-s-crypto-entrance-seeks-to-bridge-generational-adoption-gap.jpg" alt="BNY to offer institutional crypto staking through Galaxy partnership" class="type:primaryImage"></p><p>The custody giant is expanding beyond safekeeping by adding staking services, allowing eligible institutional clients to earn yield on proof-of-stake assets.
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BNY is expanding its services by partnering with Galaxy to offer institutional crypto staking. This will enable eligible institutional clients to earn yield on proof-of-stake assets, moving beyond traditional safekeeping.

BNY to offer institutional crypto staking through Galaxy partnership

The custody bank has selected Galaxy to provide staking infrastructure as it broadens services for institutional crypto investors.

BNY has announced plans to add crypto staking to its digital asset custody platform, partnering with Galaxy to provide the necessary staking infrastructure. This move aims to expand services for institutional crypto investors.

BNY to add crypto staking to digital asset custody platform

BNY Mellon is enhancing its digital asset infrastructure through its partnership with Galaxy Digital, allowing the bank to offer staking services for digital assets in custody, as discussed by Emily Portney on 'The Close.'

BNY Mellon Expands Digital Asset Infrastructure with Galaxy Partnership

تعمل بي إن واي ميلون على تعزيز منصتها لحفظ الأصول الرقمية من خلال التعاون مع غالاكسي لتقديم خدمات الستاكينغ للعملات المشفرة المؤسسية. تتيح هذه الشراكة للعملاء المؤهلين كسب عائدات على الأصول المعتمدة على إثبات الحصة، مما يمثل توسعًا كبيرًا يتجاوز خدمات الحفظ التقليدية.

BNY Mellon está mejorando su plataforma de custodia de activos digitales al asociarse con Galaxy para ofrecer staking cripto institucional. Esta colaboración permite a los clientes elegibles ganar rendimiento en activos de prueba de participación, marcando una expansión significativa más allá de los servicios de custodia tradicionales.

BNY Mellon améliore sa plateforme de garde d'actifs numériques en s'associant à Galaxy pour offrir des services de staking crypto institutionnels. Cette collaboration permet aux clients éligibles de gagner des rendements sur des actifs de preuve de participation, marquant une expansion significative au-delà des services de garde traditionnels.