BNY partners with Figment to launch institutional crypto staking
BNY has teamed up with staking provider Figment to allow eligible institutional clients to earn staking rewards through its custody platform, beginning with Ethereum and expanding to Solana.
BNY is partnering with staking infrastructure provider Figment to bring staking rewards to eligible institutional clients, according to reports from CoinMarketCap and crypto.news. The service will be offered through BNY's Digital Asset Custody platform.[1][3]
Under the partnership, qualifying institutional clients will initially be able to stake Ethereum (ETH). Support for Solana (SOL) is planned as the subsequent addition to the custody platform's staking offering.[1][2][3]
Key facts
- BNY is partnering with Figment to provide staking services for eligible institutional clients.
- The staking rewards will be integrated directly into BNY's Digital Asset Custody platform.
- Staking support will launch first with ETH, with SOL planned as the next asset to be added.
Sources 路 3 sources
- CN
crypto.news@cryptodotnewsPost on X 路
JUST IN: BNY Bank partners with Figment to bring staking rewards to institutional clients Eligible customers will be able to stake $ETH through BNY's Digital Asset Custody platform, with $SOL support planned as the next addition. https://t.co/lCwMGhunNX
Open source - CR
Crypto Rover@cryptoroverPost on X 路
HUGE: 馃嚭馃嚫 $2.2 trillion BNY partners with Figment to bring Ethereum $ETH staking to institutional clients. Wall Street is going ALL-IN on crypto! 馃殌 https://t.co/bKPpDBAWf3
Open source - CO
CoinMarketCap@CoinMarketCapPost on X 路
LATEST: 馃彟 BNY is partnering with Figment to let eligible institutional clients earn staking rewards through its Digital Asset Custody platform, starting with ETH and then SOL. https://t.co/WuWITSuqrS
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