BNY to offer institutional crypto staking through Galaxy partnership

cointelegraphPublicado em 2026-08-04Última atualização em 2026-08-04

Resumo

BNY has partnered with Galaxy to integrate institutional crypto staking into its digital asset custody platform. This enables eligible clients to earn staking rewards on supported proof-of-stake assets while keeping them within BNY's custody framework. Galaxy will provide the staking infrastructure and serve as a design partner. The offering aims to combine custody, staking, reporting, and tax services into a single solution to simplify operations for institutional clients. The move expands BNY's broader strategy of integrating digital assets into traditional financial infrastructure.

BNY and Galaxy have partnered to integrate institutional crypto staking into BNY’s digital asset custody platform, allowing eligible clients to earn staking rewards without moving assets out of custody.

Under the arrangement, which was unveiled on Tuesday, institutional clients will be able to stake supported proof-of-stake assets while keeping them within BNY’s custody framework. Galaxy will provide the staking infrastructure and serve as a design partner for BNY’s broader digital asset platform. The companies did not specify which digital assets will be supported.

The partnership also aims to combine custody, staking, reporting and tax services into a single offering for institutional clients, a move the companies said could simplify digital asset operations.

The partnership expands BNY’s push to integrate digital assets into traditional financial infrastructure. The bank was among the first major financial institutions to offer regulated custody for cryptocurrencies such as Bitcoin (BTC) and Ether (ETH), and has since broadened its digital asset strategy through initiatives including tokenized fund administration and efforts to move transfer agency records onchain.

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Perguntas relacionadas

QWhat is the main purpose of the partnership between BNY and Galaxy?

AThe main purpose is to integrate institutional crypto staking into BNY's digital asset custody platform, allowing eligible clients to earn staking rewards while keeping their assets under BNY's custody.

QWho will provide the staking infrastructure in this partnership?

AGalaxy will provide the staking infrastructure and serve as a design partner for BNY's broader digital asset platform.

QWhat specific benefits does the partnership aim to combine for institutional clients?

AThe partnership aims to combine custody, staking, reporting, and tax services into a single offering to simplify digital asset operations for institutional clients.

QWhich specific cryptocurrencies were mentioned as examples of BNY's earlier custody offerings?

AThe article mentions Bitcoin (BTC) and Ether (ETH) as examples of cryptocurrencies for which BNY offered regulated custody.

QAccording to the article, what broader trend does this partnership represent for BNY?

AThis partnership expands BNY's push to integrate digital assets into traditional financial infrastructure, a strategy that has also included tokenized fund administration and moving transfer agency records onchain.

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