I just came across Figment’s official announcement: today, it announced a partnership with The Bank of New York Mellon (BNY, NYSE ticker: BNY), using Figment’s validator infrastructure to support BNY’s staking services. Eligible institutional clients can access staking through BNY’s existing Digital Asset Custody platform.
The announcement says the partnership combines BNY’s custody and service model with Figment’s validator infrastructure, enabling eligible institutions to participate in staking and earn rewards within a custodial framework. Figment describes itself as the largest non-custodial staking provider on Ethereum and Solana. Ralf Roth, Head of Digital Asset Custody at BNY, said that the focus for institutions participating in staking has shifted from “whether they can do it” to “how they can do it.” Offering staking within a trusted custody framework can give institutions greater confidence while meeting their requirements for security, oversight, and accountability.
The announcement also notes that eligible institutional clients—including asset managers, ETF issuers, corporations, and wealth management firms—can stake supported digital assets held on BNY’s platform. Figment Chief Revenue Officer Josh Deems said this gives institutional clients another way to participate in staking using their existing platforms and service workflows.
#Staking
The announcement says the partnership combines BNY’s custody and service model with Figment’s validator infrastructure, enabling eligible institutions to participate in staking and earn rewards within a custodial framework. Figment describes itself as the largest non-custodial staking provider on Ethereum and Solana. Ralf Roth, Head of Digital Asset Custody at BNY, said that the focus for institutions participating in staking has shifted from “whether they can do it” to “how they can do it.” Offering staking within a trusted custody framework can give institutions greater confidence while meeting their requirements for security, oversight, and accountability.
The announcement also notes that eligible institutional clients—including asset managers, ETF issuers, corporations, and wealth management firms—can stake supported digital assets held on BNY’s platform. Figment Chief Revenue Officer Josh Deems said this gives institutional clients another way to participate in staking using their existing platforms and service workflows.
#Staking
