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BNY, the world’s largest custodian bank and formerly Bank of New York Mellon, is in talks with Payward, Kraken’s parent company, on a broad partnership spanning digital assets and financial market infrastructure, CoinDesk reported, citing industry sources.
The partnership could cover cryptocurrency products, custody, asset management, trading, payments and infrastructure, according to the report. The services are expected to be offered through Payward’s B2B platform. One source said the arrangement could resemble the infrastructure component of Payward’s recent deal with Nasdaq.