BNY to add crypto staking to digital asset custody platform

CoinDesk·

BNY to add crypto staking to digital asset custody platform

60-second summary

BNY Mellon is currently adding crypto staking to its digital asset custody platform, selecting Galaxy to provide staking infrastructure. This move broadens services for institutional crypto investors, marking a significant expansion of BNY Mellon's offerings. The integration is expected to increase adoption and accessibility for institutional investors, potentially driving growth in the staking market.

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