Bank & market adoption
BNY names Galaxy and Figment as staking validators for its custody
USSource: BNY
- In a 12 November 2026 article on its Digital Asset Custody platform, BNY said its staking model keeps client assets within BNY’s custody framework while Galaxy and Figment provide validator infrastructure under BNY oversight.
- BNY describes itself as the first U.S. G-SIB to offer Digital Asset Custody and says it extends its security, risk management, operational resilience and third-party oversight framework to staking, noting that staking adds dependencies such as validator infrastructure, reward payment settings, access controls and incident response.
Why it matters
A global custodian keeping staked assets in its own custody while overseeing third-party validators sets out an operating model, and a third-party-risk question, that other custody banks will face if clients ask for staking.
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More detail
Who is affected
Institutional clients of BNY Digital Asset Custody.
Key dates
- BNY article names Galaxy and Figment as validator infrastructure providers
What remains uncertain
- BNY’s article does not list the supported assets, eligible clients or a launch date for staking with each provider.
Key facts
- Event
- Product announcement
- Jurisdiction
- US
- Source
- BNY (insight article)
- Source tier
- Tier 2 · Bank / FMI
- Product
- Custody & trading
Institutions
How we verified this
The source says
“Client assets remain within BNY’s custody framework, while Galaxy and Figment provide validator infrastructure under BNY oversight.”
“As the first U.S. G-SIB to offer Digital Asset Custody, BNY extends its established security, risk management, operational resilience and third-party oversight framework to staking.”
“But staking introduces additional dependencies, including validator infrastructure, reward payment settings, access controls and incident response.”
Verbatim from BNY (insight article), matched word for word against the live page on 13 November 2026.
Sources
- Official institutionalBNY (insight article) ↗2026-11-12T2Bank / FMI
Evidence
- Confidence
- Medium The institution’s own statement; quote string-matched. Proves what the institution says, not independent confirmation.
- Quote verified
- 2026-11-13 11:59 UTC
- Archived snapshot
- SHA-256
e1a8bfffadd7b420…· fetched 2026-11-13 · Wayback Machine copy ↗ - Source type
- Official institutional BNY (insight article) ↗
Change log (1)
- 2026-11-13 Published
AI-assisted: the summary and analysis were drafted with AI from the primary source and checked by the editors. AI-drafted from the primary source; quote string-matched against the live source page.
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