BNY Mellon now offers crypto staking for institutional clients. Partnering with Galaxy, the custody giant lets eligible institutions earn yield on their proof-of-stake digital assets, moving beyond just secure safekeeping and expanding its digital asset services.
BNY Mellon, a leading financial institution, is expanding its services for institutional clients in the digital asset market. Known for securely holding client assets, the company is now partnering with Galaxy to offer staking services. Staking allows investors to earn rewards (yield) by locking up their cryptocurrencies to help secure a "proof-of-stake" blockchain network. This new offering lets eligible institutional clients generate income from their digital assets, moving beyond just safekeeping. It represents a key move for BNY Mellon into a wider range of crypto investment opportunities, showing growing institutional interest in Web3 finance.
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