BNY Mellon stock: Figment tie-up expands digital asset custody

BNY is expanding its institutional digital-asset business through a collaboration with blockchain infrastructure provider Figment, according to Zacks Equity Research in a report published Friday, November 13, 2026. The partnership adds staking services to BNY's Digital Asset Custody platform for eligible institutional clients.

Custody platform gains staking

Asset managers, ETF issuers, corporations and wealth management firms will be able to access staking for supported digital assets held in BNY custody. Figment will provide validator infrastructure, while BNY will retain responsibility for custody and institutional servicing.

Ether is expected to be the first supported asset, followed by Solana. The arrangement extends BNY's digital-asset offering beyond safekeeping and settlement, but the financial contribution will depend on institutional adoption, supported asset volumes and demand for staking.

Scale supports new services

BNY's assets under custody or administration reached USD 63.4 trillion as of September 30, 2026, up 10 percent year over year, according to the Zacks report. Total fee revenue rose 11.2 percent year over year to USD 11.88 billion in the first nine months of 2026, supported by investment services fees, foreign exchange revenue and client activity.

For investors, the tie-up offers another potential fee-generating service within a large institutional network. Its contribution will depend on client take-up and the volume of assets that enter staking programs, while regulation and changing digital-asset demand remain relevant considerations.

BNY Mellon stock traded at 138.50 euros on Lang & Schwarz at 15:39 CET on Friday, November 13, 2026.

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