BNY and Kraken Parent Payward Reportedly Discuss Infrastructure Partnership

BNY and Payward, the parent company of Kraken, are reportedly discussing a potential partnership involving digital-asset products and financial-market infrastructure.

The talks could cover custody, wealth management, trading and payments, according to reports citing two people familiar with the matter. The scope and eventual structure of any arrangement have not been finalized.

The discussions remain ongoing, and there is no guarantee the companies will reach an agreement. BNY and Payward declined to comment, according to CoinDesk.

Potential scope of the discussions

The reported talks span several parts of digital-asset and financial-services operations: digital-asset products, custody, wealth management, trading, payments and market infrastructure.

That breadth means the discussions should not be read as confirmation of a single product launch or completed transaction. The available reporting does not establish which areas, if any, would ultimately be included in a formal agreement.

No deal has been announced

Neither company has announced a partnership. The reporting indicates that negotiations are continuing, with no assurance that they will produce an agreement.

As a result, the discussions remain a prospective business development rather than a confirmed expansion of either company’s services.

Institutional infrastructure remains in focus

Custody and market infrastructure are central areas of interest for institutions seeking to participate in digital-asset markets. Any partnership between a major financial-services firm and a crypto platform parent would be relevant to that broader infrastructure trend.

The reported discussions also arrive as custody frameworks remain an active policy issue. Related coverage includes the SEC’s proposed crypto custody framework for investment advisers and funds, while Goldman Sachs has made FTIXX available to digital-asset institutions through Lynq.

Continue reading: SEC’s proposed crypto custody framework for investment advisers and funds on BTCNews.

Continue reading: Goldman Sachs making FTIXX available to digital-asset institutions through Lynq on BTCNews.

Sources

• CoinDesk: BNY in talks with Kraken parent Payward over infrastructure partnership
• crypto.news: Kraken parent Payward explores crypto and payments partnership with BNY

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