According to Decrypt, Galaxy Digital has announced the acquisition of Alluvial Finance, taking over the technology development of institutional liquidity staking platform Liquid Collective. Liquid Collective supports institutional staking of ETH and SOL while maintaining the tradability of assets.
The platform launched in 2023, TVL hit a record $1.75 billion in August, and is currently around $1 billion. The agreement charges a 10% service fee for staking rewards, and the monthly revenue in October reached $380,000. Galaxy founder Novogratz said the move is a natural extension of the company's strategy to build infrastructure on the institutional chain. After the acquisition, Galaxy acquired Alluvial's staking tool and plans to add more asset support.
Galaxy acquires Alluvial to expand institutional staking infrastructure
2025-12-05 02:32:47
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