Galaxy and BNY Launch Crypto Staking Service for Institutional Investors

M&A · PartnershipDigital Finance
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Summary · why it matters

Galaxy Digital and BNY have partnered on a crypto staking service for institutional investors. The service integrates staking functionality into BNY's custody infrastructure, allowing clients to earn rewards without moving assets out of custody. As of June 30, 2026, BNY is one of the world's largest custodians, with 62.6 trillion dollars in assets under custody and administration. Through this partnership, BNY expands into staking integrated with fund accounting and tax reporting. Galaxy will provide the staking infrastructure and serve as a design partner for BNY's platform. However, the launch is subject to regulatory approval, and the start date and supported assets have not been disclosed. In the United States, an interpretive letter from the Office of the Comptroller of the Currency in March 2025 permitted banks to engage in crypto custody and node verification, encouraging major banks to enter the space. In contrast, in Japan, banks are restricted from directly conducting crypto asset business, and integrated custody and reward services for institutional investors remain undeveloped.

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Digital Finance & Tokenization · 2 stocks
Galaxy Digital Holdings Ltd
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Galaxy provides staking infrastructure and design partnership for BNY's platform, positioning it in institutional crypto services.

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