BNY’s Digital Asset Custody platform plans to provide institutional crypto staking support through Galaxy’s infrastructure, the two firms said Aug. 4.
BNY touches roughly 20% of the world’s investable assets, with $62.6 trillion in assets under custody and administration as of June 30.
Galaxy is one of three validator firms approved to stake Ethereum for BlackRock’s iShares Staked Ethereum Trust (ETHB). The prospectus says the fund can stake 70% to 95% of its holdings under normal conditions.
Two of Wall Street’s largest names now route institutional crypto staking through the same infrastructure provider. Galaxy also runs staking for Solana and other proof-of-stake networks, extending that overlap across multiple chains.
