#USA #New York #BNY #Digital Asset #Galaxy Digital

Galaxy Digital and BNY Collaboration

On August 4, 2026, Galaxy Digital Inc., listed on Nasdaq under the ticker GLXY, announced its strategic partnership with BNY, a reputable global financial services firm also publicly traded under NYSE: BNY. This collaboration marks a significant advancement in the digital asset infrastructure specifically designed for institutional markets.

A New Era for Institutional Digital Assets

The primary goal of this partnership is to enhance the digital asset services currently provided to institutions, particularly focusing on the integration of staking—an innovative process that allows eligible digital assets to earn rewards. Through this initiative, Galaxy aims to combine its existing expertise in blockchain and digital assets with BNY’s established trust and scale as a global financial institution. This offering will be incorporated into BNY's Digital Asset Custody platform, guaranteeing institutions a seamless and secure experience when engaging with digital assets.

In the words of Carolyn Weinberg, Chief Product and Innovation Officer at BNY, the demand from clients has shifted. They no longer seek mere safekeeping solutions; they desire a wide array of services provided within a solid institutional framework. The collaboration with Galaxy is a step in that direction, aimed at broadening the digital asset capabilities provided by BNY.

Enhancing the Digital Asset Custody Experience

The partnership will not only streamline the staking process but will also create an integrated user experience encompassing custody, fund accounting, tax reporting, and payments. This means institutional clients will have more efficient pathways to navigate the digital asset markets while benefitting from BNY's robust operational safeguards and oversight.

This initiative is crucial as digital asset markets continue to evolve rapidly. Institutions require more than traditional custodial offerings; they are seeking innovative infrastructure to participate in these new markets safely and efficiently. As Steve Kurz, Global Co-Head of Digital Assets at Galaxy emphasizes, financial markets of the future are building on open and programmable systems. Institutions that adapt quickly will define the future landscape.

What to Expect

Eligibility for the staking feature will depend on institutional clients accessing BNY’s broader servicing model. This includes the assurance of operational safeguards reflective of the security standards expected from BNY’s custody model. The long-term vision of both Galaxy and BNY is clear: to provide a comprehensive digital asset custody offering that prioritizes governance, controls, and resilience.

Galaxy Digital, headquartered in New York City with a global presence across North America, Europe, the Middle East, and Asia, is known for being a leader in the rapidly evolving digital assets and data center infrastructure sectors. By combining its innovative technology with BNY’s trusted platforms, this collaboration is poised to reshape how institutions engage with digital assets.

About the Companies Involved

Galaxy Digital Inc. - Recognized as a pioneer in the digital assets space, Galaxy Digital’s platform encompasses trading, advisory, asset management, staking, and tokenization technology, alongside cutting-edge data center infrastructure.

BNY - With over 240 years of experience, BNY is integral to global capital markets, serving a diverse client base that includes more than 90% of Fortune 100 companies. Their longstanding role in safeguarding investments and enhancing operational efficiency cements their status as a leader in financial services.

Both organisations are set to review their offerings subject to regulatory guidelines, ensuring compliance and sustainability in this forward-thinking financial landscape. To learn more about BNY's developments in digital assets and their ongoing projects, potential clients can visit BNY's website.

This collaboration between Galaxy Digital and BNY not only highlights the growing importance of digital assets in traditional finance but also marks a significant step forward in the integration of modern financial technologies with well-established institutional practices.