Figment Collaborates To Support BNY’s Staking Offering Through Figment’s Validator Infrastructure, Providing Eligible Clients With Integrated Access To Staking Via BNY Digital Asset Custody

Eligible institutional clients will be able to stake through BNY’s existing Digital Asset Custody service, utilizing Figment validator infrastructure

Figment, the leading provider of blockchain infrastructure and validator operations for institutions, today announced a collaboration with BNY (NYSE:BNY), a global financial services company, to support BNY’s staking offering through Figment’s validator infrastructure, providing eligible clients with secure, integrated access to staking via BNY Digital Asset Custody.

The collaboration combines BNY’s custody and servicing model with Figment’s validator infrastructure, providing eligible institutions with a secure, integrated way to participate in staking, the process that allows eligible digital assets to earn rewards. By working with Figment, the largest non-custodial staking provider across both Ethereum and Solana, BNY is adding validator infrastructure to support its staking offering.

BNY’s offering will bring Digital Asset Custody and staking together within a single institutional servicing model. With Figment’s validator infrastructure, asset managers, ETF issuers, corporates, wealth management firms and other eligible institutional clients will be able to access staking for supported digital assets held on BNY’s Digital Asset Custody platform.