BNY Galaxy institutional crypto staking partnership
Analysis based on 12 articles · First reported Aug 04, 2026 · Last updated Aug 04, 2026
The partnership signals growing institutional adoption of digital assets and could boost demand for staking services, benefiting Galaxy Digital and reinforcing BNY's position as a leader in digital asset custody. It may also increase confidence in the broader cryptocurrency market, potentially supporting prices of staked assets like Ethereum and Solana.
On August 4, 2026, BNY, the world's largest custodian bank, announced a partnership with Galaxy Digital to add institutional staking capabilities to its Digital Asset Custody platform. The service, subject to regulatory approval, will allow eligible institutional clients to stake digital assets held in custody without transferring them to an external provider. Galaxy will supply the staking infrastructure and serve as a design partner for BNY's broader digital asset platform. The integrated offering combines custody, staking, tax reporting, fund accounting, and client reporting in one system. BNY has been expanding its blockchain services since launching crypto custody in 2022, and recently announced plans to migrate its transfer agency record-keeping onto blockchain, introduce tokenized U.S. Treasuries, and offer 24/7 settlement for Treasuries in 2027. Galaxy operates validators on networks such as Ethereum and Solana and reported about $3.2 billion in staked assets as of March 31, 2026. The partnership reflects a trend of large custodians delegating specialized technical infrastructure to crypto-native firms while retaining client relationships.
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