Wall Street giant BNY discusses infrastructure tie-up with Kraken parent Payward
Summary
BNY is in talks with Kraken parent Payward on a possible broad partnership covering digital assets and financial-market infrastructure, including custody, trading, payments and wealth management. The discussions are ongoing, and no deal is assured. A partnership could build on Payward’s recent infrastructure collaboration with Nasdaq, which also invested $100 million in the company and is working with it on tokenized equities. BNY is developing tokenized deposits for onchain institutional settlement. Payward is expanding beyond crypto trading through infrastructure services, acquisitions and plans to connect digital assets with traditional finance.
