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BNY digital-asset custody expands into stablecoins and planned staking

BNY's platform has moved from bitcoin and ether safekeeping to USDC issuance and redemption. Galaxy is now helping design a staking layer that remains under regulatory review.

Updated

Latest updates

  1. Update

    BNY and Galaxy announced a planned integrated staking workflow.

  2. Risks and open questions

    The staking service and related infrastructure remain subject to regulatory review.

  3. What happened

    BNY added USDC custody, transfer, mint and burn services.

  4. What happened

    BNY launched bitcoin and ether custody for selected U.S. clients.

Business · News

BNY plans in-custody staking with Galaxy, pending regulatory review

Galaxy will supply proof-of-stake expertise and help design BNY's digital-asset platform. The planned service would connect custody, staking, accounting and reporting, but it is not yet an unconditional product launch.

2 min readBusiness · Analysis

BNY is turning crypto custody into a servicing stack

Bitcoin and ether safekeeping was the entry point. USDC issuance and redemption, followed by planned staking, show BNY assembling the accounting and operational layer around institutional crypto assets.

2 min read