BNY Partners with Galaxy to Enhance Institutional Crypto Staking Services
BNY's Digital Asset Custody platform is set to enhance its offerings by integrating Galaxy's staking infrastructure, allowing institutional clients to access both custody and staking services through a unified model. This strategic collaboration aims to solidify BNY's position in the institutional crypto market, managing approximately 20% of the world's investable assets.
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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 as of June 30. Galaxy is one of three validator firms approved to stake Ethereum for […] The post BNY and BlackRock funnel billions through one infrastructure provider, exposing the fragile illusion of crypto diversification appeared first on CryptoSlate .
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…