Galaxy Digital Inc. (NASDAQ: GLXY), a global firm focused on digital assets and data center infrastructure, announced that it is now the Development Company for Liquid Collective, which is described as the enterprise-grade liquid staking protocol, via its acquisition of Alluvial Finance, a staking software development firm that had acted as the protocol’s former development organization.
Liquid 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, Liquid Collective has reportedly tripled its “assets on platform to approximately $1 billion.”
Galaxy’s acquisition of Alluvial advances its mission to “deliver 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 proper integration, the company has begun onboarding Alluvial’s team of onchain engineers and technology, “including a Staking Management System and developer tools that streamline integration for exchanges, custodians, and asset managers.”
As Liquid Collective’s Development Company, Galaxy will leverage its institutional connectivity to “expand the protocol across new assets and protocols, deepen validator participation, and broaden institutional investors’ access to liquid-staking products worldwide.”
With appr. $6.6 billion in assets currently under stake, Galaxy operates one of the “institutional trading, lending, and staking platforms in the market.”
The platform offers staking and related services—such “as instant, in-kind liquidity—across leading protocols including Ethereum and Solana and serves a global base of more than 1,200 institutional counterparties.”
Liquid Collective will continue to operate independently “under The Liquid Foundation, an ownerless foundation established to ensure neutrality, transparency, and institutional governance.”
TLF now intends to broaden its governance framework “by inviting additional institutional stakeholders—including digital-asset trusts, ETF issuers, liquidity providers, custodians, and exchanges—to participate in the Collective’s oversight and growth.”
Galaxy Digital Inc. is a global firm focused on digital assets and data center infrastructure, delivering solutions “that accelerate progress in finance and artificial intelligence.”
Their digital assets platform offers institutional access “to trading, advisory, asset management, staking, self-custody, and tokenization technology.”
In addition, they develop and operate data center infrastructure “to power AI and high-performance computing workloads.”
Their 800 MW Helios campus in Texas, which has an additional 2.7 GW of power under study, now positions Galaxy “among the data center developments in North America.”
The company is headquartered in New York City, with offices “across North America, Europe, the Middle East, and Asia.”