Galaxy and Liquid Collective collaborate to provide Ethereum liquid staking services to institutions

ChainCatcher news, according to The Block, Galaxy Digital has partnered with Liquid Collective to provide liquid staking services for institutional investors on Ethereum.

Under the agreement, Galaxy will act as an over-the-counter trading support provider, offering liquidity support for Liquid Collective's liquid staking token LsETH. This collaboration is based on the new regulations issued by the SEC in May, which clarify that staking activities do not constitute securities issuance. Both parties stated that they will expand their collaboration to liquid staking services on networks such as Solana in the future. Additionally, Galaxy will become a node operator for the Liquid Collective network.