Alluvial, a staking protocol developer, completes $4.3 million in strategic financing led by Variant

Odaily News According to official news, Alluvial, the developer of the institutional-level liquidity pledge protocol Liquid Collective, has completed a new round of strategic financing of US$4.3 million, led by Variant, with participation from Ethereal Ventures, Brevan Howard Digital, F-Prime Capital (a venture capital company under Fidelity Investments' parent company FMR, LLC), Nascent, etc., bringing its total financing to US$22.5 million. The new funds are intended to promote product development and expansion to meet the growing needs of ETFs and global institutions. Earlier in July last year, Alluvial completed a US$12 million Series A financing, led by Ethereal Ventures and Variant.