Galaxy Expands Liquid Staking for Institutions via Partnership with Liquid Collective
Summary
- Galaxy Digital announced it will expand liquid staking services for institutional investors.
- Through this partnership, Ethereum (ETH) liquid staking will be supported, with plans to add Solana (SOL) network support in the future.
- They also revealed plans to provide OTC infrastructure and liquidity for LsETH.
Digital asset financial firm Galaxy Digital is expanding liquid staking services for institutional investors through a collaboration with Liquid Collective.
According to Coindoo on the 18th (local time), Galaxy Digital, through this partnership, will support Ethereum (ETH) liquid staking. There are also plans to extend support to the Solana (SOL) network in the future. In addition, the company aims to provide OTC trading infrastructure and liquidity for Liquid Collective's staking token, LsETH.
Liquid staking refers to a method that allows one to earn rewards by staking crypto assets on a blockchain network, while still being able to buy and sell those assets at any time. The media outlet noted, “This partnership shows the intersection of traditional finance and the decentralized ecosystem.”
Heecheol Yang
heecheol@bloomingbit.ioHello, I'm a reporter at bloomingbit
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