According to Mars Finance news and reported by Decrypt, Galaxy Digital announced the acquisition of Alluvial Finance, taking over the technical development of the institutional liquid staking platform Liquid Collective. Liquid Collective supports institutional staking of ETH and SOL while maintaining asset tradability. The platform launched in 2023, with an August TVL reaching a record of $1.75 billion, currently around $1 billion. The protocol charges a 10% service fee on staking rewards, with monthly revenue reaching $380,000 in October. Galaxy founder Novogratz stated that this move is a natural extension of the company's strategy to build institutional-grade on-chain infrastructure. After the acquisition, Galaxy obtained Alluvial's staking tools and plans to add more asset support.

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