Wall Street’s staking pipeline narrows: BNY and BlackRock both lean on Galaxy
Major financial institutions like BNY Mellon and BlackRock are increasingly relying on a narrow set of infrastructure providers, such as Galaxy Digital, for institutional cryptocurrency staking services. This concentration, particularly for Ethereum and Solana, raises concerns about potential operational risks and coordinated policy influence, despite the separation of private keys and validator functions.
- Entities
- Topic: Blockchain Infrastructure
- Company: Galaxy Digital
- Topic: Cryptocurrency Staking
- Topic: Institutional Finance
- Company: BlackRock
- Game: Ethereum
- Company: BNY Mellon
- Game: Solana
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