🏦 BNY teams up with Figment to offer staking to institutions
Banking giant BNY will use Figment's validator infrastructure to let eligible institutional clients stake assets held in its Digital Asset Custody service. Asset managers, ETF issuers, corporates and wealth management firms will be able to earn staking rewards on supported assets. A Figment spokesperson said ETH will be supported first, followed by SOL, though no launch date was given.
⭐ One of the world's largest custodian banks adding staking makes yield-bearing crypto easier for big institutions and ETF issuers to access, a structural positive for ETH and SOL demand.
#BNY #Staking #ETH #SOL #Institutional
Banking giant BNY will use Figment's validator infrastructure to let eligible institutional clients stake assets held in its Digital Asset Custody service. Asset managers, ETF issuers, corporates and wealth management firms will be able to earn staking rewards on supported assets. A Figment spokesperson said ETH will be supported first, followed by SOL, though no launch date was given.
⭐ One of the world's largest custodian banks adding staking makes yield-bearing crypto easier for big institutions and ETF issuers to access, a structural positive for ETH and SOL demand.
#BNY #Staking #ETH #SOL #Institutional
