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Galaxy Expands into Liquid Staking as Development Company for Liquid Collective
Acquisition of Alluvial Finance, former Development Company behind Liquid Collective, adds engineering talent and expands Galaxy's institutional staking
About this update from Galaxy Digital Inc.
[{"type":"text","content":"Acquisition of Alluvial Finance, former Development Company behind Liquid Collective, adds engineering talent and expands Galaxy's institutional staking infrastructureNEW YORK, Dec. 4, 2025 /PRNewswire/ - Galaxy Digital Inc. (NASDAQ: GLXY) (TSX: GLXY) (the \"Company\" or \"Galaxy\"), a global leader in digital assets and data center infrastructure, today announced that it is now the Development Company for Liquid Collective, the leading enterprise-grade liquid staking protocol, through its acquisition of Alluvial Finance (\"Alluvial\"), a staking software development firm that served as the protocol's former development organization.\n \n \n \n \n \n \n \nLiquid staking has become one of the fastest-growing corners of the digital assets market due to its ability to offer staking rewards while keeping staked assets liquid and usable across decentralized finance (DeFi) applications. Since launching in 2023 in partnership with Alluvial, Liquid Collective has cemented itself as the cornerstone of the liquid staking space, enabling institutional investors who stake Ethereum or Solana through the protocol to receive tokens that represent their staked positions, which can be used for trading, collateral management or other onchain strategies. In 2025 alone, Liquid Collective has tripled its assets on platform to approximately $1 billion.Galaxy's acquisition of Alluvial advances its mission to deliver end-to-end trading and investment services for institutions participating in onchain markets by deepening its digital infrastructure platform and expanding its role in the development of liquid staking tokens by giving the Company full responsibility for developing and maintaining the Liquid Collective protocol. To ensure seamless integration, the Company has immediately begun onboarding Alluvial's team of onchain engineers and technology, including a customizable Staking Management System and developer tools that streamline integration for exchanges, custodians, and asset managers.\"Galaxy has always built the infrastructure institutions need to operate confidently onchain—from trading and custody to lending and staking. Becoming Liquid Collective's Development Company is a natural extension of that mission,\" said Michael Novogratz, Founder and CEO of Galaxy. \"Galaxy is doubling down on building the next generation of institutional stak...