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Figment will support BNY’s staking offering through its validator infrastructure, giving eligible clients access to staking via BNY Digital Asset Custody.
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Asset managers, ETF issuers, corporates, wealth management firms and other eligible institutions will be able to stake supported digital assets held on the platform.
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The release did not say which assets are supported or when the service starts.
BNY will use Figment’s validator infrastructure to support its staking offering for eligible clients on its Digital Asset Custody platform, Figment said on Thursday.
Asset managers, ETF issuers, corporates, wealth management firms and other eligible institutional clients will be able to stake supported digital assets held on BNY’s platform, the release said. It did not list the supported assets or give a start date.
“BNY’s continued expansion of its staking offering represents an important step in diversifying institutional participation in staking,” Figment head of revenue Josh Deems said.
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