[REVISION HISTORY]
BNY Mellon digital asset expansion
Updated 1 time since CLSTR started tracking revisions of this situation.
What changed
2026-08-04 13:27 UTC → 2026-08-05 01:54 UTC ·
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removed
In late July 2026, BNY Mellon introduced launched a blockchain‑based transfer‑agency platform that will to manage about $8.6 trillion for 7.6 million clients, tokenizing assets and supporting both fiat and stable‑coin transactions. Early adopters interest came from firms such as Baillie Gifford, BlackRock and Dreyfus signaled interest in issuing digital investment products, Dreyfus, marking the bank’s first major move to bring place core record‑keeping onto on a unified ledger. A week later, On August 4 2026, BNY Mellon announced a partnership with Galaxy Digital to add institutional crypto‑staking services to extend its Digital Asset Custody platform. platform with an institutional crypto‑staking service. The new offering will let clients lock eligible digital assets and earn rewards while integrating integrates custody, staking, fund accounting, tax reporting, payments and reporting functions, further extending client reporting, allowing institutions to earn staking rewards without moving assets out of custody. Galaxy will supply the bank’s validator infrastructure and act as a design partner for the broader digital‑asset capabilities beyond simple safekeeping. 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.
Versions
- 2026-08-05 01:54 UTC BNY Mellon digital asset expansion
- 2026-08-04 13:27 UTC BNY Mellon digital asset expansion
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