Key Takeaways
- • Galaxy Digital (Nasdaq: GLXY) and BNY (NYSE: BNY) announced a strategic collaboration on August 4, 2026 to add staking to BNY's Digital Asset Custody platform for institutional clients.
- • Eligible institutional clients will be able to stake digital assets within BNY's broader servicing model, alongside custody, fund accounting, tax reporting, payments and client reporting, where applicable.
- • Galaxy is serving as a design partner on BNY's digital asset platform infrastructure, and the staking offering and related enhancements are subject to regulatory review.
- • BNY, which reports $62.6 trillion in assets under custody and/or administration and $2.2 trillion in assets under management as of June 30, 2026, is positioning staking as an addition to its custody offering.
Summary
Galaxy and BNY announced a strategic collaboration to advance digital asset infrastructure for institutional markets, with staking support on BNY's Digital Asset Custody platform as the central element. Staking, the process by which eligible digital assets earn rewards, will be brought into a single institutional servicing model alongside custody. According to the announcement, the arrangement pairs Galaxy's expertise in proof-of-stake networks with BNY's custody platform to give clients an integrated, institutional-grade workflow for staking.
Beyond staking, Galaxy is acting as a design partner to help develop BNY's digital asset platform infrastructure. BNY stated that the staking offering and related infrastructure enhancements remain subject to regulatory review, and no launch timeline was provided in the release.
Carolyn Weinberg, BNY's Chief Product and Innovation Officer, said clients increasingly want capabilities beyond safekeeping. She described Galaxy as an early client of BNY's Digital Asset Custody platform and said the addition of staking would give clients a more comprehensive custody offering built on BNY's governance, controls and resiliency standards. Steve Kurz, Global Co-Head of Digital Assets at Galaxy, said the firm has spent years building institutional-grade infrastructure for staking and that the collaboration brings that work into a framework large institutions can trust.
According to the release, eligible institutional clients can access staking within BNY's servicing model with integrated capabilities including custody, fund accounting, tax reporting, payments and client reporting. The companies say this is designed to let institutions participate in digital asset markets more efficiently while retaining the operational safeguards and asset protections of BNY's custody model.
Galaxy Digital describes itself as a global digital assets and data center infrastructure company, with a 1.6 GW Helios campus in Texas. BNY, the corporate brand of The Bank of New York Mellon Corporation, is headquartered in New York City.
Beyond staking, Galaxy is acting as a design partner to help develop BNY's digital asset platform infrastructure. BNY stated that the staking offering and related infrastructure enhancements remain subject to regulatory review, and no launch timeline was provided in the release.
Carolyn Weinberg, BNY's Chief Product and Innovation Officer, said clients increasingly want capabilities beyond safekeeping. She described Galaxy as an early client of BNY's Digital Asset Custody platform and said the addition of staking would give clients a more comprehensive custody offering built on BNY's governance, controls and resiliency standards. Steve Kurz, Global Co-Head of Digital Assets at Galaxy, said the firm has spent years building institutional-grade infrastructure for staking and that the collaboration brings that work into a framework large institutions can trust.
According to the release, eligible institutional clients can access staking within BNY's servicing model with integrated capabilities including custody, fund accounting, tax reporting, payments and client reporting. The companies say this is designed to let institutions participate in digital asset markets more efficiently while retaining the operational safeguards and asset protections of BNY's custody model.
Galaxy Digital describes itself as a global digital assets and data center infrastructure company, with a 1.6 GW Helios campus in Texas. BNY, the corporate brand of The Bank of New York Mellon Corporation, is headquartered in New York City.
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