BNY Mellon and Galaxy Partner to Launch Institutional Crypto Staking Services

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BNY Mellon and Galaxy Digital announced a partnership to expand institutional adoption of digital assets. The collaboration will integrate BNY’s custody platform with Galaxy’s staking capabilities for proof-of-stake networks. The new service aims to deliver institutional-grade staking and custody solutions. This initiative is part of broader digital asset developments shaping the institutional market. Regulatory approval for the service and infrastructure upgrades is still pending.

According to Huoxing Finance, on August 4, Galaxy Digital announced a strategic partnership with The Bank of New York Mellon (BNY) to further advance digital asset infrastructure for institutional markets. This collaboration will support digital asset services including staking—a mechanism that enables eligible digital assets to earn yield rewards. The two parties will integrate digital asset custody and staking services into a unified institutional-grade offering. By combining BNY’s digital asset custody platform with Galaxy’s expertise in proof-of-stake (PoS) networks, they aim to deliver a seamless, institutional-grade staking experience and help institutional clients participate in staking through secure, streamlined processes. In addition to staking services, Galaxy will also serve as a design partner to further enhance BNY’s digital asset platform infrastructure. BNY’s staking services and related infrastructure upgrades remain subject to regulatory review.

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