Galaxy Digital said on Aug. 4 that it has entered a strategic partnership with Bank of New York Mellon, or BNY, to build out digital asset infrastructure for institutional clients. The arrangement is set to support digital asset services including staking, which the company described as a mechanism that lets eligible digital assets earn reward income.
Under the partnership, BNY’s digital asset custody platform will be combined with Galaxy’s expertise across proof-of-stake, or PoS, networks. The two firms said the goal is to bring custody and staking into a single institutional service model, giving clients an integrated way to take part in staking through a process designed to be secure and simplified.
Galaxy will also serve as a design partner to help refine the infrastructure behind BNY’s digital asset platform. The planned staking service from BNY, along with related infrastructure upgrades, remains subject to regulatory review.
Galaxy Digital said on Aug. 4 that it has reached a strategic partnership with Bank of New York Mellon (BNY) to advance digital asset infrastructure for the institutional market.
The collaboration will support digital asset services that include staking, which was described as a mechanism that allows eligible digital assets to earn reward income. The two companies plan to combine digital asset custody and staking within a single institutional-grade service model.
Custody and staking to sit within one institutional setup
By pairing BNY’s digital asset custody platform with Galaxy’s expertise in proof-of-stake (PoS) networks, the firms said they aim to offer clients an integrated, institutional staking experience. The setup is intended to help institutional clients participate in staking through a secure and simplified process.
Galaxy to help shape platform infrastructure
Beyond staking services, Galaxy will also act as a design partner and help further develop the infrastructure of BNY’s digital asset platform.
BNY’s planned staking service and the related infrastructure upgrade plan remain subject to regulatory review.
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