BNY Mellon Partners with Galaxy to Launch Crypto Staking Services for Institutional Clients

TechFlow news, August 4, according to CoinDesk reports, BNY Mellon (The Bank of New York Mellon) announced a partnership with crypto financial services company Galaxy (GLXY), planning to add staking functionality to its digital asset custody platform. Institutional clients will be able to stake digital assets held in custody directly through the BNY platform without needing to transfer tokens to third-party service providers. The service remains pending regulatory approval before official launch. Galaxy will be responsible for providing staking infrastructure and will participate in platform expansion as a design partner.