BNY has struck a deal with Galaxy, the digital assets specialist, to advance the digital asset infrastructure for institutional markets, including support for staking, a process that allows eligible digital assets to earn rewards, on BNY’s digital asset custody platform. This will combine digital asset custody and staking within a single institutional servicing model.
Eligible institutional clients can access staking within BNY’s broader servicing model, with integrated capabilities including custody, fund accounting, tax reporting, payments and client reporting, where applicable. This approach is designed to provide institutions with a more efficient way to participate in digital asset markets while maintaining the operational safeguards, oversight and asset protections provided by BNY’s custody service.