BNY in talks with Kraken parent Payward over infrastructure partnership
Source: CoinDesk ·
From the source
The potential agreement could span digital assets, custody, trading, payments and other financial-market infrastructure. Custody banking giant BNY is in talks with Payward, the Wyoming-based parent company of crypto exchange Kraken, over a broad partnership spanning digital assets and financial-market infrastructure, according to two people familiar with the matter. The potential agreement could cover areas including crypto products, custody, wealth management, trading, payments and infrastructure, the people said. These offerings are provided through Payward Services , the company’s business-to-business platform for banks, exchanges and asset managers. Elements of the proposed partnership could resemble the infrastructure component of Payward’s recent agreement with Nasdaq , one of the people said, speaking on condition of anonymity because the talks are private. Discussions are ongoing, and there is no guarantee an agreement will be reached. Both Payward and BNY declined to…