SHIFT · GLOBAL
BNY Mellon in talks with Kraken parent Payward on digital asset and custody infrastructure
BNY Mellon and Payward (Kraken's parent company) are negotiating a partnership spanning crypto products, custody, wealth management, trading, payments, and financial infrastructure. Deal would integrate traditional custody with native crypto services.
WHY IT MATTERS
If completed, signals major custodian legitimizing crypto as core banking asset class, not peripheral fintech; institutional adoption accelerates when Tier-1 custody providers integrate crypto natively into client workflows.
Source: PYMNTS · 2026-10-02