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Add as a preferred source on GoogleBNY Will Use Figment Infrastructure for Institutional Staking
Eligible clients can stake through BNY’s existing digital asset custody service, with Ether (ETH) planned first and Solana (SOL) next.
Mentioned assets
BNY will use Figment’s validator infrastructure to offer staking to eligible institutional clients through the bank’s existing digital asset custody service, giving clients access to staking rewards.
Eligible customer groups include asset managers, ETF issuers, corporations and wealth management firms. Clients will be able to stake assets through the custody service and earn rewards.
Ether (ETH) is planned for the first phase of support, with Solana (SOL) to follow. No launch date has been announced.
John Kim
John Kim reports on the digital-asset business for TokenPost. Send corrections or tips to info@tokenpost.com.