Crypto: The oldest US bank will offer staking to its clients
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BNY Bank, formerly known as Bank of New York Mellon, announced this Tuesday its intention to add staking services to its digital asset custody platform. To do this, it has partnered with Galaxy Digital (GLXY), which will provide the necessary technical infrastructure. 👉 Which banks to buy Bitcoin and cryptos with in 2026? Specifically, this new service will allow institutional clients to stake digital assets held directly at BNY, without having to transfer them to an external provider. The launch, however, remains subject to approval from US regulators. For large investors, avoiding transfer to a third party represents a considerable gain in terms of security and operational simplicity. BNY is not new to this. The bank launched its crypto custody services in 2022 and manages several tens of trillions of dollars in assets for its clients. Its slightest movements in the blockchain ecosystem are therefore closely watched by the entire financial industry. 👉 On the same subject – The $2.1 trillion BNY bank dives into tokenization Recently, the institution also indicated its intention to migrate its record-keeping activity to the blockchain, with the aim of creating a single on-chain ownership register. The bank also plans to test the tokenization of US Treasury bonds on a private blockchain before the end of the year, with a 24/7 settlement launch expected for 2027. By choosing...
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