BNY and Galaxy Unleash $100T Institutional Crypto Market with Next-Gen Staking
Galaxy Digital and Bank of New York Mellon (BNY) have formed a partnership to bring institutional-grade crypto staking services to traditional finance. The collaboration aims to unlock $100 trillion in institutional market potential with next-gen crypto staking infrastructure.
The partnership combines BNY's regulated digital asset custody platform with Galaxy's institutional-grade staking infrastructure, enabling qualified investors to stake on supported Proof of Stake (PoS) tokens without transferring them out of custody. This integrated service aims to reduce operational complexity and streamline workflows for institutions.
Galaxy Global Co-Head of Digital Assets Steve Kurz said that financial markets are gradually moving toward open and programmable blockchain infrastructure, with institutions adopting these technologies early helping define the next phase of digital finance.