BNY Mellon to Add Staking via Galaxy Partnership Pending Regulatory Approval

BNY Mellon partners with Galaxy to integrate staking into its custody platform for institutional clients, subject to regulatory approval.

Woofun AI reports that Bank of New York Mellon intends to collaborate with Galaxy to incorporate staking functionality into its digital asset custody services. This arrangement allows institutional clients to stake assets held in custody, contingent upon receiving necessary regulatory approvals. Galaxy will supply the underlying staking infrastructure.