#Staking

BNY to add crypto staking to digital asset custody platform

BNY has partnered with Galaxy to integrate staking capabilities into its institutional digital asset custody platform, pending regulatory approval. This collaboration leverages Galaxy's infrastructure to allow BNY's clients to stake assets directly within their existing custody environment, eliminating the need for third-party transfers. The move represents a significant expansion of BNY's blockchain-based services, building upon its 2022 entry into crypto custody. Beyond staking, BNY is actively modernizing its core operations by migrating transfer agency record-keeping to a unified onchain ledger. The bank also announced plans to launch 24/7 settlement for tokenized U.S. Treasuries by 2027, with private blockchain testing scheduled for late 2026. These initiatives underscore the bank's strategy to bridge traditional financial infrastructure with blockchain technology to reduce intermediary reliance. As a custodian overseeing tens of trillions of dollars, BNY's commitment to tokenized assets and blockchain integration serves as a bellwether for institutional adoption of RWA-related financial services.

CoinDesk·3h ago