Galaxy Digital Becomes Liquid Collective’s Development Arm After Acquiring Alluvial Finance, Expanding SOL End-to-End On-Chain Services

Galaxy Digital has acquired Alluvial Finance from Liquid Collective, making Alluvial the new development arm of Liquid Collective. The purchase price was not disclosed. The firm says the deal accelerates its ability to deliver end-to-end on-chain operations services, with Galaxy Digital taking responsibility for protocol development and maintenance and starting the integration of Alluvial’s engineering team and tech stack. Liquid Collective will continue to operate independently under the Liquid Foundation.

Since partnering in 2023, Liquid Collective and Alluvial launched an institutional-grade liquidity staking protocol. By 2025, Liquid Collective’s TVL neared $1 billion, after doubling in size. In June 2025, a strategic partnership with Galaxy Digital was announced, and soon after, Liquid Staked SOL (LsSOL) was introduced by Liquid.

Industry observers view the deal as a move toward more integrated, credible on-chain service delivery, potentially sharpening development velocity and ecosystem governance for staking and liquidity projects.