Galaxy Digital acquires Alluvial Finance, the developer of Liquid Collective.

Odaily Planet Daily reports that Galaxy Digital has announced the acquisition of Alluvial Finance, the former developer of the liquidity staking protocol Liquid Collective, officially becoming the developer of Liquid Collective. Liquid Collective allows institutional investors to obtain tradable tokens by staking ETH or SOL for trading, collateral management, and other operations in DeFi applications. This acquisition will enhance Galaxy's institutional staking infrastructure and bring in Alluvial's engineering team and technology, including a customizable staking management system and developer tools to simplify integration processes for exchanges, custodians, and asset managers.