๐จ INSTITUTIONAL ALPHA: BNY x Galaxy unlock integrated Staking services for TradFi capital flows! ๐จ
A deal summary reshaping the digital-asset playing field for institutional players:
๐ โIn-Placeโ Staking (In-house Staking): Institutional clients can now participate in Staking Proof-of-Stake assets directly within BNYโs custody platform, without needing to move funds to an external on-chain environment with additional risk.
๐ Power of collaboration: Galaxy handles the technical infrastructure to operate Nodes/Staking, while BNY provides an โall-in-oneโ solution covering custody, ledger/reporting, and tax compliance.
๐ A macro signal: Completely eliminating the trade-off between โsafetyโ and โprofit.โ This is essential infrastructure that helps pension funds and ETF funds unlock passive (yield) cash flows from Crypto.
With regulatory-compliant infrastructure (Compliance) delivered by the banks themselves, large capital will feel confident to move in! ๐โก๏ธ
$SPCXB #Challenge!