BNY in talks with Kraken parent Payward over infrastructure partnership

60-second summary

BNY is negotiating with Payward, Kraken’s parent, to forge an infrastructure partnership that could cover digital‑asset custody, trading, payments and broader financial‑market services. The talks aim to combine BNY’s banking reach with Kraken’s crypto expertise, potentially expanding institutional access to crypto products. If finalized, the alliance may accelerate mainstream adoption and boost liquidity across the digital‑asset market.