BNY (NYSE: $BNY), the world's largest custodian bank, is partnering with crypto financial services firm Galaxy Digital (NASDAQ: $GLXY) to add staking capabilities to its digital ******* et custody platform.
Under the collaboration, eligible institutional clients will be able to stake digital ******* ets held through BNY's custody platform, allowing them to earn rewards while contributing to the operation and security of proof-of-stake (PoS) blockchain networks. The service remains subject to regulatory review, according to a Tuesday announcement.
Galaxy will provide the staking infrastructure and serve as a design partner. The collaboration is intended to allow institutions to access staking without moving ******* ets to a separate provider.
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Under the collaboration, eligible institutional clients will be able to stake digital ******* ets held through BNY's custody platform, allowing them to earn rewards while contributing to the operation and security of proof-of-stake (PoS) blockchain networks. The service remains subject to regulatory review, according to a Tuesday announcement.
Galaxy will provide the staking infrastructure and serve as a design partner. The collaboration is intended to allow institutions to access staking without moving ******* ets to a separate provider.
More From Cryptoprowl:
Ramp Network Brings Multichain Wallet and Rewards to EU
#rewards
2 months ago
