BNY taps Galaxy for institutional crypto staking

BNY is adding Galaxy’s staking infrastructure to its digital asset custody platform, giving eligible institutional clients access to custody and staking through one servicing model. Summary Galaxy will provide institutional staking through BNY’s Digital Asset Custody platform. The service remains subject to regulatory review and will be limited to eligible clients. BNY is also developing onchain transfer agency and tokenized Treasury infrastructure. BNY’s Belgian subsidiary recently received MiCA authorization for crypto custody and transfers. BNY adds staking to institutional crypto custody Galaxy said it has entered a strategic collaboration with BNY to integrate staking into the bank’s Digital Asset Custody platform. The arrangement will combine asset safekeeping and staking within a single institutional workflow. Eligible clients will be able to use staking alongside BNY services such as fund accounting, tax reporting, payments and client reporting, where applicable. Galaxy will supply the staking infrastructure and act as a design partner for BNY’s broader digital asset platform. The companies said the model could simplify institutional participation in proof-of-stake networks...