BNY Mellon Partners With Galaxy Digital for Crypto Staking Services

Wall Street giant BNY Mellon is expanding its digital asset custody platform to include crypto staking services through a new partnership with Galaxy Digital. The move marks another step in Wall Street's increasing involvement in digital assets.

BNY Mellon, which holds $62.6 trillion in custody assets, will integrate staking into its Digital Asset Custody platform. This means eligible institutional clients can earn staking rewards while keeping their assets under the same custody and reporting systems used for traditional holdings.

Galaxy Digital manages about $3.2 billion in staked assets as of March 31, 2026. The firm supplies the infrastructure that keeps validators online and producing rewards, operating proof-of-stake (PoS) validators across networks including Ethereum and Solana.

The partnership is part of BNY Mellon's strategy to build the financial infrastructure of the future while expanding its digital asset capabilities. Carolyn Weinberg, Chief Product and Innovation Officer at BNY Mellon, said: 'As digital assets continue to evolve, clients want more than safekeeping alone, they want a broader set of capabilities delivered through an institutional-grade model.'

BNY's staking service still requires regulatory review before it becomes available in 2026. However, the integration of staking into its custody platform removes one of the biggest operational hurdles that has slowed institutional participation.