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Galaxy Digital has made a move recently—directly acquiring Alluvial Finance. What does this mean? They have now officially become the operators behind the enterprise-level liquid staking protocol, Liquid Collective.
Specifically, Galaxy isn’t just buying an empty shell. They are taking over the entire technical team behind Liquid Collective, along with the staking management system. From now on, Galaxy will have full control over how this protocol is developed and maintained.
The liquid staking market was already highly competitive, and now with this move, Galaxy has staked its claim in the enterprise sector. Let’s see if they roll out any new innovations in the future.