BNY Said to Discuss Digital-Asset Infrastructure Partnership With Kraken Parent Payward
Uk Jin
Summary
- Global custody bank BNY is said to be discussing broad cooperation on digital-asset infrastructure with Payward, the parent company of Kraken.
- The companies are discussing cooperation in digital-asset products, custody, asset management, trading, payments and financial market infrastructure.
- The partnership would use the B2B platform Payward Services and is expected to be similar to the infrastructure agreement Payward recently signed with Nasdaq.
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BNY is discussing a broad digital-asset infrastructure partnership with Payward, the parent company of cryptocurrency exchange Kraken, CoinDesk reported.
CoinDesk reported on Oct. 2, citing multiple sources, that BNY and Payward are in talks to cooperate on digital-asset products, custody, asset management, trading, payments and financial market infrastructure.
The partnership would use Payward's B2B platform, Payward Services. It is expected to be similar to the infrastructure agreement Payward recently signed with Nasdaq.
The talks are ongoing, and it remains unclear whether the companies will reach a final agreement.
BNY and Payward did not respond to requests for comment.
Uk Jin
wook9629@bloomingbit.ioH3LLO, World! I am Uk Jin.