According to official news from ChainCatcher, Alluvial, the software development company that supports Liquid Collective, has completed a new round of strategic financing of US$4.3 million, led by Variant, with participation from Ethereal Ventures, Brevan Howard Digital, F-Prime Capital (a venture capital company under Fidelity Investments' parent company FMR, LLC), Nascent, etc., bringing the total financing amount to US$22.5 million.
The funding is intended to advance the development of purpose-built, open and configurable solutions to accelerate adoption in the institutional staking market.
According to reports, Alluvial is a software development company that provides a set of enterprise-level staking products and services, focusing on promoting mainstream adoption and participation in proof-of-stake blockchains. Liquid Collective is a set of staking standards designed to meet the needs of enterprises.