Galaxy Digital acquires developer of institutional-grade liquid staking protocol Liquid Collective

Galaxy Digital announced the acquisition of the development organization Alluvial Finance from Liquid Collective, becoming the new development company for Liquid Collective, with the specific acquisition amount undisclosed.

Galaxy stated that this acquisition advances its goal of providing end-to-end services for on-chain operating institutions. Galaxy will take full responsibility for developing and maintaining the protocol, and the company has begun integrating Alluvial's engineering team and technology stack. Liquid Collective will continue to operate independently under the leadership of the Liquid Foundation. Liquid Collective, which launched in collaboration with Alluvial in 2023, is an institutional-grade liquid staking protocol, and by 2025, the total value locked (TVL) of Liquid Collective doubled to approximately $1 billion. Galaxy and Liquid Collective initiated a strategic partnership in June 2025, and just weeks after announcing the collaboration, Liquid Collective launched Liquid Staked SOL (LsSOL).