BNY Partners with Galaxy Digital to Add Crypto Staking to Institutional Custody Platform

On August 4, 2026, BNY announced a strategic partnership with Galaxy Digital to add cryptocurrency staking to its Digital Asset Custody platform. The collaboration allows institutional clients to earn staking rewards on assets held in BNY's custody without transferring them to external providers. Galaxy Digital, an early client of the platform, will provide the staking infrastructure and act as a design partner. The service remains subject to regulatory approval, with no launch date or eligible assets disclosed yet.

BNY–Galaxy staking partnership

• ▪BNY announced a strategic partnership with Galaxy Digital on August 4, 2026, to add cryptocurrency staking services to BNY's Digital Asset Custody platform.
• ▪The partnership allows BNY's institutional clients to earn staking rewards on eligible digital assets without transferring them to an external provider.

Institutional crypto custody expansion

• ▪BNY plans to introduce around-the-clock settlement for traditional and tokenized U.S. Treasuries in 2027 and begin testing tokenized Treasuries on a private blockchain in late 2026.
• ▪BNY has been offering cryptocurrency custody services to institutional clients since launching its digital asset custody platform in 2022.
• ▪As of June 30, 2026, BNY oversees $62.6 trillion in assets under custody and administration, and $2.2 trillion in assets under management.
• ▪BNY announced on July 29, 2026, that it is shifting its core transfer agency recordkeeping for an $8.6 trillion market onto blockchain rails.

Proof-of-stake infrastructure integration

• ▪The integrated staking service will offer institutional clients custody, fund accounting, tax reporting, payments, and client reporting within BNY's servicing model.
• ▪Galaxy Digital will provide the underlying staking infrastructure to enable BNY's institutional clients to participate in proof-of-stake networks.

Digital asset platform design collaboration

• ▪Galaxy Digital is an early client of BNY's Digital Asset Custody platform, placing the firm as both an infrastructure builder and a platform user.
• ▪Galaxy Digital is serving as a design partner to help build and advance BNY's broader digital asset platform infrastructure.

Regulatory review requirements

• ▪BNY and Galaxy Digital have not disclosed a target launch date, the fee structure, or which specific proof-of-stake assets will be eligible for the service.
• ▪The launch of BNY's crypto staking service and its related infrastructure enhancements are subject to regulatory review and approval.