CoinDesk·4 min read·medium
BNY to add crypto staking to digital asset custody platform
H
Helene Braun
✦AI Summary
BNY is expanding its digital asset custody platform to include crypto staking services for institutional clients, with infrastructure support from Galaxy. This move follows the bank's broader strategy to integrate blockchain technology into its core financial services and record-keeping.
The new service will allow institutional clients to stake digital assets held in custody through BNY's platform, pending regulatory approval. Galaxy will provide the staking infrastructure while also serving as a design partner as BNY expands its blockchain-based services.
businesscryptotechnology
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