Galaxy Acquires Alluvial to Deepen Role in Liquid Staking of ETH and SOL
Galaxy has advanced its position in the digital asset infrastructure market by acquiring Alluvial Finance, the staking software development firm that previously served as the Development Company behind Liquid Collective. The move officially positions Galaxy as the new Development Company for Liquid Collective, the enterprise-grade liquid staking protocol that has become a central fixture for institutional participants in ETH and Solana staking. The acquisition further consolidates Galaxy’s strategy of delivering integrated technology and staking answers at a scale aligned with the needs of global institutions.
Liquid staking has grown into one of the most rapidly , driven by demand for yield generation without restricting asset mobility. Liquid Collective’s model, which provides tokenized representations of staked assets, has allowed institutional clients to participate in staking while preserving access to , collateral, or broader onchain strategies. In 2025, the protocol’s assets tripled to roughly $1 billion, underscoring its accelerating adoption and the rising relevance of enterprise-grade staking infrastructure.
By absorbing Alluvial’s engineering team and technology suite—including a customizable Staking Management System and developer tools—Galaxy is strengthening its capability to support institutions that require scalable, compliant, and integration-ready access to staking. These components are expected to streamline onboarding for platforms, custodians, asset managers, and other professional operators viewking to participate in the next phase of onchain markets. The acquisition marks a pivotal milestone in Galaxy’s ambition to unify traditional financial workflows with decentralized staking mechanisms.
Strengthening the Foundation for Institutional Adoption of Liquid Staking
noted that the acquisition reflects the firm’s long-running commitment to building the infrastructure institutions need to operate confidently in onchain markets. By becoming the Development Company for Liquid Collective, Galaxy is consolidating its experience across custody, trading, validation, and staking into a unified platform designed to meet institutional-grade security standards. The firm highlighted that liquid staking has become a critical building block for institutions viewking yield while maintaining operational flexibility across .
Liquid Collective’s leadership emphasized the importance of Galaxy’s global presence, engineering depth, and history of working with regulated institutions. The protocol was originally designed to meet the compliance, transparency, and governance requirements of large asset allocators; Galaxy’s stewardship is expected to accelerate the expansion of new products and additional protocol integrations. This alignment is particularly relevant as institutions increasingly viewk standardized, interoperable staking answers that can function within complex regulatory and risk-management frameworks.
Galaxy’s staking division—currently handling approximately $6.6 billion in assets under stake—provides a strong foundation for this evolution. Its existing capabilities include offering institutional staking, immediate in-kind liquidity, and diversified Block confirmer operations across leading networks. Through this acquisition, the company is positioned to broaden access to compliant liquid-staking tokens while facilitating deeper Block confirmer participation and fostering a more resilient institutional staking ecosystem. These enhancements are poised to support the continued maturation of the staking market worldwide.
Governance, Scalability, and the Next Phase of Liquid Collective’s Growth
While Galaxy will overview development, Liquid Collective will continue to operate independently under The Liquid Foundation (TLF), which was established to maintain neutrality, transparency, and institutional governance. TLF’s role is critical in ensuring that the protocol remains open, ownerless, and structured around secureguards that meet the expectations of professional market participants. As part of its long-term roadmap, TLF intends to expand its governance model by incorporating additional institutional stakeholders such as digital-asset trusts, ETF issuers, custodians, platforms, and liquidity providers.
This expansion of the governance framework reflects a broader shift toward decentralized yet institutionally compatible infrastructure, enabling large market participants to influence standards while maintaining operational independence. As liquid staking becomes more deeply embedded in portfolio construction and multi-chain asset strategies, governance clarity and protocol neutrality are expected to play a crucial role. Galaxy’s involvement adds technical leadership and scaling capacity, while TLF’s oversight ensures the protocol remains aligned with the sector’s broader trust and compliance needs.
The acquisition also accelerates Galaxy’s larger strategy of integrating staking with its end-to-end suite of institutional services across trading, advisory, lending, and . By pairing liquid staking development with its data center capabilities—including its rapidly expanding Helios campus powering AI and high-performance computing—Galaxy is positioning itself as a comprehensive provider for institutions operating across both traditional and decentralized markets. The expansion of Liquid Collective represents a key pillar in that vision, enabling institutional investors to engage with staking in a more standardized, transparent, and operationally efficient manner.
