BNY Partners with Figment to Add Staking on Digital Asset Custody Platform

TL;DR BNY Partnership: BNY has partnered with Figment to add staking capabilities to its Digital Asset Custody platform for eligible institutional clients. Staking Access: Banking clients will initially be able to stake ETH, with SOL expected later, allowing reward generation through existing custody workflows. Institutional Focus: The bank is expanding its digital asset strategy as Figment contributes validator infrastructure and experience serving more than 1,500 institutional customers. BNY is expanding its digital asset services through a new partnership with Figment, bringing staking capabilities to its Digital Asset Custody platform. The move will allow eligible institutional clients to earn staking rewards on supported cryptocurrencies without leaving their existing custody framework.

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