Galaxy Digital has acquired Alluvial Finance, assuming control of the Liquid Collective platform, which facilitates institutional liquid staking for ETH and SOL. The platform, launched in 2023, allows asset tradability while staking and had a total value locked (TVL) of $1.75 billion in August, now approximately $1 billion. Liquid Collective charges a 10% service fee on staking rewards, generating $380,000 in revenue in October. Galaxy's founder, Mike Novogratz, described the acquisition as a strategic move to expand the company's institutional-grade on-chain infrastructure, with plans to support additional assets.