BK · News · 20260804N
Acquisition / Partnership / Divestiture
BK · 2026-08-04 · Importance 34 · Surprise 42 · In source text
BNY Mellon is partnering with Galaxy Digital to add cryptocurrency staking to its Digital Asset Custody platform for institutional clients. Eligible clients will be able to earn rewards on proof-of-stake networks without moving assets off BNY’s platform. The planned framework will combine custody, staking, fund accounting, and tax reporting, while Galaxy will act as a design partner for BNY’s broader digital-asset infrastructure. The service remains subject to regulatory approval, and eligible cryptocurrencies and fee structures have not yet been disclosed.
Key facts
- The Bank of New York Mellon is expanding its digital asset business by teaming up with Galaxy Digital to allow institutional clients to earn rewards on their crypto holdings through staking. source
- BNY Mellon Municipal Bond Infrastructure Fund, Inc. (NYSE: DMB) announced a distribution of $0.0500 per share payable on September 1, 2026 to shareholders of record as of August 18, 2026. source
- Galaxy Digital will serve as a design partner for BNY's broader digital asset infrastructure. source
- BNY Mellon is partnering with Galaxy Digital to integrate cryptocurrency staking directly into its institutional custody platform. source
Impact estimates
| metric | direction | stage | expected | basis |
|---|---|---|---|---|
| revenue | positive | probable | — | The Bank of New York Mellon is expanding its digital asset business by teaming up with Galaxy Digital to allow institutional clients to… |