BNY Mellon is adding staking, allowing custodied assets to be delegated directly to Figment validators.
According to The Block, as cited by PANews, BNY has partnered with staking infrastructure provider Figment to support institutional staking on BNY’s digital asset custody platform using Figment’s validator infrastructure. Eligible asset managers, ETF issuers, and other institutional clients can stake eligible assets held in custody at BNY.
· The change brings custody and staking together on a single platform; the report specifies that the service is for institutional clients.
· The report does not specify which assets are supported, the fees, or the launch date.
Would you first check which assets are eligible for staking, or look at how the fees are calculated?
According to The Block, as cited by PANews, BNY has partnered with staking infrastructure provider Figment to support institutional staking on BNY’s digital asset custody platform using Figment’s validator infrastructure. Eligible asset managers, ETF issuers, and other institutional clients can stake eligible assets held in custody at BNY.
· The change brings custody and staking together on a single platform; the report specifies that the service is for institutional clients.
· The report does not specify which assets are supported, the fees, or the launch date.
Would you first check which assets are eligible for staking, or look at how the fees are calculated?
