BNY in talks with Kraken parent Payward on digital asset partnership
Image: Crypto.newsBNY is in talks with Payward, the parent company of crypto exchange Kraken, about a potential partnership covering digital assets and financial infrastructure. The discussions could include crypto products, custody, wealth management, trading, payments and services through Payward Services. Talks are ongoing and may not lead to a deal. Nasdaq Ventures agreed in September to invest $100 million in Payward while expanding work on tokenized equities.
Key points
- BNY and Payward are in talks over a partnership covering crypto products, custody, wealth management, trading, payments and infrastructure.
- Talks remain ongoing, and the companies may not reach an agreement.
- The potential arrangement could use Payward Services, its platform for banks, exchanges and asset managers.
- Nasdaq Ventures agreed in September to invest $100 million in Payward.
- Nasdaq and Payward are working on tokenized equity infrastructure, and Payward will adopt Nasdaq's surveillance technology.
Why it matters
The talks involve BNY, a large custody bank, and Kraken's parent discussing crypto custody, trading and payments. Payward Services already offers infrastructure to banks, exchanges and asset managers.
What's unclear
Whether BNY and Payward will reach an agreement is unknown, talks are ongoing and no deal is guaranteed.
Sources · 2 publishers
Crypto.news
Tier 2
Kraken parent Payward explores crypto and payments partnership with BNY
Coverage timeline
- First reported by Crypto Briefing
- Confirmed by Crypto.news
- CryptoVideos brief published
How this brief was made. Our system found this event in 2 independent publications, summarised two complete reports with AI and checked every number above against the source text. Sources are linked in full. Not financial advice. Report an error
