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

On December 5, Galaxy Digital announced the acquisition of Alluvial Finance, the development organization behind Liquid Collective, to become the new development company for Liquid Collective. The specific acquisition amount was not disclosed. Galaxy stated that this acquisition advances its goal of providing end-to-end services for on-chain operating institutions. Galaxy will assume full responsibility for developing and maintaining the protocol, and the company has already begun integrating Alluvial’s engineering team and tech stack. Liquid Collective will continue to operate independently under the leadership of the Liquid Foundation. Liquid Collective, launched in partnership with Alluvial in 2023, is an institutional-grade liquid staking protocol. In 2025, Liquid Collective’s total value locked (TVL) doubled to about $1 billion. In June 2025, Galaxy and Liquid Collective launched a strategic partnership, and a few weeks after the partnership announcement, Liquid Collective launched Liquid Staked SOL (LsSOL).

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