The Bank of New York Mellon Corporation (BNY) plans to add staking through Figment’s validator infrastructure, giving institutional custody clients access to rewards on digital assets.
The service would run through BNY’s existing digital-asset custody platform. Figment will provide validator infrastructure, and eligible clients could stake assets through the offering and receive rewards.
Potential clients include corporations and ETF issuers, alongside asset managers and wealth management firms. Ether (ETH) is slated for the initial phase, while Solana (SOL) is planned for a later stage.
Separately, Figment measured Ethereum’s network staking reward rate at 2.63% in the third quarter, down from 2.81% in the second, in earlier coverage of Ethereum staking yields.
In October, BNY added custody for XRP and Ripple USD (RLUSD), allowing eligible institutional clients to hold and transfer the assets through the bank. The addition was part of an expanded partnership with Ripple, building on Ripple’s selection of BNY as primary custodian for RLUSD reserves in July 2025.
No start date has been announced.
