BNY Eyes Kraken Infrastructure Tie-Up

Potential Partnership Details

The proposed agreement could cover various aspects of digital assets, including custody, trading, payments, and other financial-market infrastructure.

Background

Bank of New York Mellon (BNY) and Kraken parent company Payward are in talks over a strategic partnership.

Implications

This potential tie-up could significantly enhance Kraken's offerings and bolster BNY's presence in the crypto space.