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BNY in talks with Kraken parent Payward over infrastructure deal

Wall Street institution BNY is exploring a broad infrastructure partnership with Kraken parent company Payward spanning digital assets, custody, trading, payments, and wealth management, CoinDesk reported.

Pedestrians walk past the entrance of a BNY building displaying the bank's logo.
Image: @Crypto_Briefing

Wall Street firm BNY is in talks with Payward, the parent company of cryptocurrency exchange Kraken, regarding a broad infrastructure partnership, according to a report by CoinDesk reporter Will Canny.[1][3][4]

The potential agreement could span digital assets and crypto products, custody, trading, payments, wealth management, and other financial-market infrastructure. Discussions between the two companies are ongoing, with no guarantee that a transaction or deal will ultimately be reached.[2][3][4]

Key facts

  • BNY is engaged in talks with Kraken parent Payward regarding an infrastructure partnership.
  • The prospective agreement could cover crypto assets, custody, trading, payments, wealth management, and market infrastructure.
  • Talks remain ongoing, and there is no guarantee the parties will reach a final deal.
  • The negotiations were first reported by CoinDesk reporter Will Canny.

Sources 路 3 sources

  1. CO

    CoinDesk@CoinDeskPost on X 路

    SCOOP: BNY in talks with Kraken parent Payward over infrastructure partnership. @willcanny99 reports. https://t.co/4Zv4quxYkL

    Open source
  2. CB

    Crypto Briefing@Crypto_BriefingPost on X 路

    馃彟 NEW: BNY is in talks with Kraken parent Payward over a broad partnership spanning crypto products, custody, wealth management, trading, payments and financial infrastructure, according to CoinDesk. https://t.co/CZd3maSZcR

    Open source
  3. CO

    CoinDesk@CoinDeskPost on X 路

    NEW: Wall Street giant BNY is in talks with Kraken parent Payward over a broad infrastructure partnership spanning crypto, custody, trading, payments and wealth management. Discussions are ongoing, with no guarantee a deal will be reached. https://t.co/4zLd2NitAG

    Open source
  4. CO

    CoindeskArticle 路

    BNY in talks with Kraken parent Payward over infrastructure partnership The potential agreement could span digital assets, custody, trading, payments and other financial-market infrastructure.

    Open source