NewsMV
Staking yield is coming to BNY's (BK) institutional custody clients, through a partnership with Galaxy to run the proof-of-stake infrastructure.
The custody giant is extending its safekeeping business into active protocol participation, letting eligible clients earn yield on assets already held in its vaults.
Which assets qualify and under what terms have not been published. What the mechanism actually does Proof-of-stake networks pay participants who lock up assets and help validate transactions.
When an institution delegates that function through a custodian, the custodian (or its partner) runs the validator infrastructure and passes yield back to the client. That is the service BNY and Galaxy are building.
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