Overview
- BNY Mellon said it has partnered with Galaxy to add staking to its digital-asset custody platform, with Galaxy providing the validator infrastructure and design support.
- The companies announced the partnership on Tuesday, Aug. 4, 2026, but the staking service is not live and remains subject to regulatory approval.
- Key operational details have not been disclosed, including which tokens will be eligible, fee structures, withdrawal rules, and how slashing liability will be allocated.
- Offering staking through a regulated custodian means institutional clients could earn network rewards without moving tokens or running their own validators, reducing operational work for pension funds and asset managers.
- The move places BNY in closer competition with crypto-native custodians like Coinbase and could speed institutional use of proof-of-stake networks if regulators and the firms resolve the outstanding product terms.