PANews reported on December 5th that Galaxy Digital announced its 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 Ethereum or Solana 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 streamline integration processes for exchanges, custodians and asset managers.

Previously, it was reported that Galaxy and Liquid Collective partnered to provide Ethereum liquidity staking services to institutions .