BULLISH 55 The Block 49M ago · 1 min read 1 read

BNY taps Figment to add staking to its digital asset custody platform

AI summary

BNY has partnered with Figment to provide validator infrastructure for institutional staking through its existing Digital Asset Custody service. The move lets BNY's custody clients stake digital assets without leaving the bank's platform, deepening institutional access to staking yield. Traders may read it as another sign that large traditional custodians are building out crypto services, which supports demand for staking-enabled assets.

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