Brevan Howard Contributes to $12M Round for Liquid Staking Protocol Alluvial

Ethereal Ventures and Variant jointly led the funding round for Alluvial, the mastermind behind Liquid Collective, a platform tailored for enterprises and institutions.

Alluvial, the innovative software development company, has successfully secured an impressive $12 million in a Series A funding round to accelerate the advancement of their groundbreaking liquid staking protocol, Liquid Collective. The funding round was jointly led by prominent investors Ethereal Ventures and Variant, along with notable contributions from Brevan Howard Digital, Avon Ventures, Nascent Capital, a_capital, Robot Ventures, Fenbushi, IOSG, and Blockdaemon, among other esteemed participants.

The surge in ETH staking participation, following Ethereum’s game-changing Shanghai upgrade, which enabled withdrawals of staked tokens in April, has resulted in significant queuing times for staking. However, Liquid Collective’s cutting-edge software solutions present an ideal remedy to this challenge, eliminating the long wait periods while simultaneously enhancing liquidity and capital efficiency. With Liquid Collective, users can effortlessly generate on-chain receipts for their positions on proof-of-stake blockchains, enabling them to utilize these receipts as collateral or to transfer asset ownership seamlessly.

Introduced earlier this year, Liquid Collective takes pride in its decentralized and non-custodial nature, prioritizing compliance, security, and outstanding performance to specifically attract enterprises and institutional stakers. To facilitate seamless integration into digital asset exchanges, custodians, and various use cases, Alluvial offers Liquid Collective through a user-friendly application programming interface (API).

As a testament to their extraordinary vision and capabilities, Alluvial had previously raised a remarkable $6.2 million in a seed round, featuring strategic support from distinguished players such as Coinbase Ventures, Kraken, Figment, and Kiln.

With this substantial investment and an unwavering focus on cutting-edge technology and user experience, Alluvial and their Liquid Collective are poised to revolutionize the landscape of staking protocols, unleashing unparalleled opportunities for stakeholders in the digital asset space.


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