BNY and Galaxy have partnered to integrate institutional crypto staking into BNY\u2019s digital asset custody platform, allowing eligible clients to earn staking rewards without moving assets out of custody.<\/p>\n
Under the arrangement, which was unveiled<\/a> on Tuesday, institutional clients will be able to stake supported proof-of-stake assets while keeping them within BNY\u2019s custody framework. Galaxy will provide the staking infrastructure and serve as a design partner for BNY\u2019s broader digital asset platform. The companies did not specify which digital assets will be supported.<\/p>\n 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.<\/p>\n The partnership expands BNY\u2019s 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<\/a>.<\/p>\n Magazine: <\/strong><\/em>CLARITY hopes fade, BitMEX shuts as lawsuit looms: Hodler\u2019s Digest, July 26<\/strong><\/em><\/a><\/p>\n Related:<\/strong> Bitcoin price<\/a> \u00b7 BTC live chart<\/a> \u00b7 Ethereum price<\/a> \u00b7 ETH gas fee<\/a> \u00b7 Bitcoin price today<\/a> \u00b7 Top 10 cryptocurrencies<\/a><\/p>\n