Galaxy collaborates with Liquid Collective to provide institutional Ethereum liquid staking services.

PANews reported on June 17 that, according to The Block, Galaxy Digital has reached a partnership with Liquid Collective to provide institutional investors with Ethereum liquid staking services. According to the agreement, Galaxy will act as an over-the-counter backer to provide liquidity support for Liquid Collective's liquid staking token, LsETH. The partnership is based on new rules issued by the U.S. Securities and Exchange Commission in May, which make it clear that pledges do not constitute securities offerings. The two parties said that in the future, they will expand the cooperation to liquid staking services on networks such as Solana. In addition, Galaxy will also become a node operator for the Liquid Collective network.

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