Galaxy Digital Grows Liquid Collective, Aiming at Institutional Staking
Acquisition Impact: Galaxy Digital's acquisition of Alluvial has significantly increased Liquid Collective's assets to approximately $1B, enhancing its role in institutional liquid staking for Ethereum and Solana.
Institutional Participation: The move is expected to strengthen institutional participation in liquid staking, providing a secure and compliant environment for institutions, as emphasized by Liquid Collective's CEO, Chris Matta.
Market Implications: This acquisition is anticipated to have extensive implications for the staking industry, potentially affecting exchanges, custodians, and asset managers while encouraging broader market participation.
Future Prospects: Analysts predict that the combination of Liquid Collective's infrastructure and Galaxy Digital's resources will boost institutional adoption and set industry standards, positioning Galaxy Digital as a key player in shaping future trends in liquid staking.
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