According to CoinMeta, Bank of New York Mellon ( BNY ) has chosen the infrastructure provider Figment to provide staking ( staking ) support for its digital asset custody platform. In 2025, Bank of New York Mellon was selected by Ripple as the custodian for RLUSD reserves, and plans to launch a tokenized deposit service for institutions in January 2026. This collaboration will be implemented through an external infrastructure provider, and the two parties have not disclosed the blockchain networks covered by the cooperation, the timeline for launch, or the fees. The staking business in institutional custody involves the operation of verifiers, the distribution of rewards, and the division of responsibilities for confiscations ( slashing ), which are areas that U.S. regulatory authorities pay close attention to in custody regulations.