BNY Partners with Figment for Institutional Staking Services

Key Facts

BNY has selected Figment to provide validator infrastructure for institutional staking through its Digital Asset Custody platform. Reuters reported that the integration allows institutional clients to participate in blockchain network validation and earn rewards directly from their custody accounts.

The partnership expands BNY's existing digital asset services by integrating traditional financial custody with crypto infrastructure. This move signals a deeper integration of major global custodians into the digital asset ecosystem, providing institutional-grade tools for blockchain participation.