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**[Galaxy Digital Acquires Alluvial Finance to Take Over Liquid Collective's Technology Development]** Galaxy Digital announced the acquisition of Alluvial Finance, taking over the technology development of the institutional liquid staking platform Liquid Collective. Liquid Collective supports institutional staking of ETH and SOL while maintaining asset liquidity. The platform was launched in 2023, with a total value locked (TVL) of $1.75 billion in August, currently around $1 billion. The protocol charges a 10% service fee on staking rewards, generating $380,000 in revenue in October alone. Galaxy founder Novogratz stated that this acquisition is part of the company's strategy to build institutional-grade on-chain infrastructure. Galaxy will acquire Alluvial's staking tools and plans to add support for more assets.

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