BNY and Kraken Parent Payward Eye Global Financial Infrastructure Partnership
By PYMNTS
AI summary of the source article
BNY and Kraken parent company Payward are discussing a partnership across digital assets and financial market infrastructure, according to a CoinDesk report citing unnamed sources. The potential deal could include crypto products, custody, wealth management, trading, payments, and infrastructure offerings provided by Payward Services. Discussions are ongoing with no certainty of reaching an agreement, and both entities declined to comment. The talks follow Payward’s recent expanded partnership with Nasdaq, which included a $100 million investment from Nasdaq Ventures. Payward aims to transform into a unified financial platform, while BNY is focusing on infrastructure that connects conventional money with tokenized assets.
Why it matters
According to BNY CEO Robin Vince, growing interconnectivity between payments, liquidity, digital assets, and securities markets is driving demand for faster, more resilient infrastructure across financial services.
Key facts
- BNY and Payward are discussing a potential partnership covering digital assets, custody, trading, and market infrastructure.
- Discussions remain underway with no certainty of an agreement, and both companies declined to comment.
- Nasdaq Ventures recently agreed to invest $100 million in Payward as part of a separate market infrastructure partnership.