Galaxy and BNY Join Forces on Institutional Digital Asset Infrastructure
Galaxy and BNY Mellon have partnered to bring together custody, staking, reporting, and operational services under one platform. This move aims to unlock the $100 trillion institutional market for digital assets.
The partnership highlights growing demand from financial institutions for regulated digital asset infrastructure. Galaxy will provide staking infrastructure for BNY's Digital Asset Custody platform, allowing qualified investors to stake on supported PoS tokens without transferring them out of custody.
Beyond powering staking, Galaxy will also work as a design partner on BNY's digital asset platform and help define its future. This collaboration is indicative of the increasing role of blockchain-native financial solutions in traditional finance.