BNY in talks with Payward on broad infrastructure partnership

Wall Street giant BNY is in talks with Payward, parent of crypto exchange Kraken, over a broad infrastructure partnership that could span digital assets, custody, trading, payments and other financial-market infrastructure, per a CoinDesk scoop by reporter Will Canny. The discussions are ongoing, with no guarantee a deal will be reached.

• The potential tie-up would connect a major U.S. bank's custody and asset-servicing business with Payward's crypto exchange and its wider "one ledger" financial infrastructure push.
• No terms, scope or timeline were disclosed.