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Alluvial Raises $12 Million in Series A Round for Liquid Staking Protocol Catering to Institutions Amidst Regulatory Uncertainty

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Alluvial, the software company behind Liquid Collective, has raised $12 million in a Series A round co-led by Ethereal Ventures and Variant. Other backers include Brevan Howard Digital, Coinbase Ventures, Kraken, and Avon Ventures. Liquid Collective offers a protocol for "liquid staking" for Ethereum, catering to institutions and traditional finance.

Alluvial is making a long-term gamble on the Ethereum ecosystem, despite regulatory uncertainty surrounding staking. The funding will be used to grow the team and expand staking services to other blockchain networks.

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