Strategic collaboration between Galaxy Digital and Liquid Collective in the cryptocurrency sector
Launch of Ethereum staking service for institutional investors
On June 17, according to financial press sources, Galaxy Digital and Liquid Collective signed a strategic partnership agreement to provide Ethereum (ETH) staking services for institutional investors. Under the agreement, Galaxy will take on the role of supporting OTC, providing liquidity for Liquid Collective's staking Liquidity support Token – LsETH. This is an important step in promoting the distribution and staking of ETH on a large scale, especially targeting large institutions entering the increasingly professional cryptocurrency market.
Approval under the new SEC regulations promotes decentralized staking services
This agreement is based on new regulations from the U.S. Securities and Exchange Commission (SEC) issued in May. The new law clearly defines that staking activities do not constitute the issuance of securities, opening up a clear legal opportunity for decentralized staking service providers. This collaboration promotes the expansion of staking services for blockchain networks like Solana, contributing to the maturation of the cryptocurrency market according to international legal standards.
Galaxy Digital expands its role to become a node operator
As part of the collaboration, Galaxy also takes on the role of operating a node for the Liquid Collective network. This not only enhances the ability to provide comprehensive liquidity services but also promotes the decentralized distribution of the cryptocurrency ecosystem. To strengthen the system, Galaxy's participation will help mitigate concentration risks and increase transparency for staking activities and blockchain network operations.
The development potential and impact of this collaboration in the cryptocurrency market
This strategic collaboration promises to usher in a new era for staking services in the cryptocurrency industry. Institutional investors can now access safer ETH staking services that comply with regulatory requirements. At the same time, participation as a node operator enhances the reliability of the liquid staking network, promoting decentralization and protecting community interests in the global cryptocurrency ecosystem.
Source: https://tintucbitcoin.com/galaxy-hop-tac-liquid-collective-cung-cap-staking-eth-to-chuc/
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