BNY Integrates Institutional Crypto Staking via Galaxy Partnership

BNY and Galaxy partner to embed staking into custody, enabling clients to earn rewards without moving assets. The integration aims to unify custody, reporting, and tax services for institutional users.

Woofun AI reports that BNY and Galaxy have partnered to integrate institutional crypto staking directly into BNY’s digital asset custody platform. This arrangement allows eligible clients to stake supported proof-of-stake assets while maintaining custody within BNY’s framework, with Galaxy providing the underlying infrastructure. The collaboration seeks to consolidate custody, staking, reporting, and tax services into a unified offering, building on BNY’s existing regulated custody for Bitcoin (BTC) and Ether (ETH).