# BNY Mellon digital asset expansion > Live situation record from CLSTR: https://clstr.news/situations/bny-mellon-digital-asset-expansion > Updated: 2026-08-04T00:00:00.000Z. Sources: 18. Developments: 2. In late July 2026, BNY Mellon launched a blockchain‑based transfer‑agency platform to manage about $8.6 trillion for 7.6 million clients, tokenizing assets and supporting fiat and stable‑coin transactions. Early interest came from firms such as Baillie Gifford, BlackRock and Dreyfus, marking the bank’s first major move to place core record‑keeping on a unified ledger. On August 4 2026, BNY Mellon announced a partnership with Galaxy Digital to extend its Digital Asset Custody platform with an institutional crypto‑staking service. The offering integrates custody, staking, fund accounting, tax reporting, payments and client reporting, allowing institutions to earn staking rewards without moving assets out of custody. Galaxy will supply the validator infrastructure and act as a design partner for the broader digital‑asset infrastructure. The service is pending regulatory approval. Executives highlighted the shift: BNY’s Chief Product and Innovation Officer Carolyn Weinberg said clients now demand a broader set of capabilities, while Galaxy’s Global Co‑Head of Digital Assets Steve Kurz noted that the future of financial markets will be built on open, programmable rails. ## Timeline ### 2026-08-04: BNY Mellon partners with Galaxy Digital to launch institutional crypto staking service BNY Mellon and Galaxy Digital will integrate crypto staking into BNY’s custody platform, offering institutional clients combined custody, staking and reporting services pending regulatory approval. 14 sources. https://clstr.news/cluster/bny-mellon-partners-with-galaxy-digital-to-offer-institutional-crypto-staking ### 2026-07-29: BNY Mellon launches blockchain transfer agency managing $8.6 trillion in assets BNY Mellon has launched a blockchain‑based transfer‑agency platform for $8.6 trillion in assets, aiming to boost efficiency and transparency. Early users include Baillie Gifford, BlackRock and Dreyfus. 5 sources. https://clstr.news/cluster/bny-mellon-launches-blockchain-transfer-agency-managing-86-trillion-in-assets --- Cite as: BNY Mellon digital asset expansion. CLSTR, https://clstr.news/situations/bny-mellon-digital-asset-expansion