BNY will use Figment’s validator infrastructure to allow eligible institutional clients to stake certain digital assets held on its custody platform and earn rewards without transferring them externally. Figment will operate the validators while BNY will retain custody of the assets. BNY managed approximately $62.6 trillion in assets under custody as of June 30, 2026, while Figment oversees more than $18 billion in staked assets and serves over 1,500 institutional clients across 30 protocols. This is BNY’s second staking partnership in 2026, following its agreement with Galaxy Digital in August, and forms part of the bank’s expansion into tokenized deposits and custody services compliant with MiCA.
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