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Crypto

BNY, Galaxy to offer crypto staking for institutions

BNY will add an institutional cryptocurrency staking service to its digital asset custody platform in cooperation with Galaxy Digital. Eligible institutional clients will be able to stake supported proof-of-stake digital assets and receive rewards without moving holdings outside their custody accounts. Galaxy will provide the staking infrastructure and act as a design partner across BNY’s digital asset platform. The companies did not disclose which digital assets will be supported.

Fintech

HSBC enters UK digital securities sandbox after Bank of England approval

HSBC has received Bank of England approval to operate its digital asset platform, HSBC Orion, in the UK Digital Securities Sandbox. According to Cointelegraph, the platform supports the issuance, post-trade servicing and settlement of digital securities. HSBC Orion will operate as a digital securities depository within the sandbox. The platform supports bonds issued directly in digital form, including the planned UK digital gilt instrument and corporate bonds.

Crypto

Hanwha Investment & Securities invests 30 billion won in U.S. blockchain firm Digital Asset

Hanwha Investment & Securities has invested about 30 billion won in Digital Asset, a blockchain infrastructure company focused on global finance. The company said on July 16 it completed a strategic investment of about 30 billion won in Digital Asset Holdings. New York-based Digital Asset operates the Canton Network, an open blockchain for financial services adopted by major institutions including Goldman Sachs and the Depository Trust & Clearing Corporation.