$BNY.US Negotiations and Cooperation Between Kraken and Its Parent Company Payward
Event Details: Bank of New York Mellon is in talks with Kraken’s parent company, Payward, regarding a cooperation covering digital asset and financial market infrastructure. The potential scope includes crypto products, custody, wealth management, trading, payments, and infrastructure. The related services are expected to be delivered to the bank’s customers via Payward.
Impact Direction: This represents yet another deep integration between traditional custody systems and a native crypto exchange. With assets under management in the tens of trillions of dollars, Bank of New York Mellon connects its custody network to native crypto infrastructure, meaning the channels for institutional capital inflows and outflows will be further standardized.
Reason: The bank itself lacks the capability for on-chain settlement and digital asset operations; working together rather than building in-house is the fastest route. At the same time, Kraken already has institution-level qualifications in terms of compliance and custody.
Benefiting Coins: $BTC , ETH, and other core assets held by institutions are the most directly benefited; tokens in the custody and compliance infrastructure segment receive narrative support.
Future Trend: Traditional financial institutions will continue to enter the space through partnerships, and the institutionalization level of crypto infrastructure will keep rising in Q4.
Event Details: Bank of New York Mellon is in talks with Kraken’s parent company, Payward, regarding a cooperation covering digital asset and financial market infrastructure. The potential scope includes crypto products, custody, wealth management, trading, payments, and infrastructure. The related services are expected to be delivered to the bank’s customers via Payward.
Impact Direction: This represents yet another deep integration between traditional custody systems and a native crypto exchange. With assets under management in the tens of trillions of dollars, Bank of New York Mellon connects its custody network to native crypto infrastructure, meaning the channels for institutional capital inflows and outflows will be further standardized.
Reason: The bank itself lacks the capability for on-chain settlement and digital asset operations; working together rather than building in-house is the fastest route. At the same time, Kraken already has institution-level qualifications in terms of compliance and custody.
Benefiting Coins: $BTC , ETH, and other core assets held by institutions are the most directly benefited; tokens in the custody and compliance infrastructure segment receive narrative support.
Future Trend: Traditional financial institutions will continue to enter the space through partnerships, and the institutionalization level of crypto infrastructure will keep rising in Q4.