[Bank of New York Mellon Selects Figment for Staking Support on Digital Asset Custody Platform] Bank of New York Mellon (BNY) has selected staking infrastructure provider Figment to provide staking support for its digital asset custody platform. BNY was selected by Ripple as the custodian of the RLUSD reserve in 2025 and launched a tokenized deposit service for institutions in January 2026. Its custody platform's staking business relies on an external infrastructure provider, and the introduction of Figment follows the same path. Neither party disclosed the blockchain networks covered by the partnership, the launch timeline, or the fees. Staking in institutional custody involves validator operations, reward distribution, and the allocation of slashing liability, which are key areas of focus for US regulators in custody rules. (Source: The Block)