BNY in Talks with Kraken Parent for Digital Asset Infrastructure Partnership

Key Facts

BNY is in discussions with Payward Inc., the parent company of the Kraken exchange, to establish a partnership for digital asset infrastructure. Seeking Alpha reported that the negotiations aim to form a broad collaboration encompassing digital assets and financial market infrastructure.

The potential partnership seeks to bridge traditional banking services with digital asset capabilities as institutional interest in crypto infrastructure continues to grow. BNY, a major global custody bank, is positioning itself to support the integration of digital assets into the broader financial system.