BNY Mellon Eyes Crypto Expansion with Potential Partnership

BNY Mellon, one of the largest financial institutions in the world, is reportedly in talks with Kraken's parent company Payward to form an infrastructure partnership. The potential collaboration would see BNY Mellon leveraging Kraken's technology and expertise to expand its cryptocurrency offerings and services. While no official details have been disclosed regarding the scope or terms of the proposed partnership, sources suggest that it could be a significant development for both parties involved.

As a leading player in the global financial industry, BNY Mellon has been steadily increasing its involvement in the crypto space over recent years. This includes announcing support for select cryptocurrencies on its platform and exploring opportunities to use blockchain technology in various business areas.