BNY Partners With Figment to Add Staking to Its Digital Asset Custody Platform
(2 hours ago) · 1 source · Summarized by CryptoBipto
BNY, one of the world's oldest and largest custodian banks, has partnered with staking infrastructure provider Figment to offer staking services through its digital asset custody platform. The integration allows BNY's institutional clients to stake digital assets while keeping them in custody with the bank.
WHY IT MATTERS
Staking is a process where holders of certain cryptocurrencies lock up their tokens to help secure a blockchain network, earning rewards in return — somewhat like earning interest on a savings account.
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SOURCES
- theblock.co
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