BNY Mellon Taps Galaxy to Bring Crypto Staking to Institutions

BNY Mellon is moving deeper into the digital asset space by adding crypto staking services to its custody platform. The banking giant has selected Galaxy Digital to provide the technical infrastructure needed to support these operations for institutional clients.

This update marks a significant shift for the bank as it looks to provide more value for investors who hold digital assets in custody. By integrating staking, institutional users can now earn rewards on their holdings without needing to move them off the custody platform.

Institutional interest in earning yield on digital assets remains high, and this move positions BNY Mellon to capture more of that demand. Traders should keep an eye on how other major banks react as custodial services continue to bridge the gap between traditional finance and crypto markets.