Pledge agreement developer Alluvial completes $4.3 million strategic financing, led by Variant

ChainCatcher news, according to official sources, the software development company Alluvial, which supports Liquid Collective, has completed a new round of strategic financing totaling $4.3 million, led by Variant, with participation from Ethereal Ventures, Brevan Howard Digital, F-Prime Capital (the venture capital arm of Fidelity Investments' parent company FMR, LLC), Nascent, among others, bringing the total funding amount to $22.5 million.

The funds are intended to drive the development of specialized, open, and configurable solutions to accelerate adoption in the institutional staking market.

According to reports, Alluvial is a software development company that offers a suite of enterprise-grade staking products and services, focusing on facilitating mainstream adoption and participation in proof-of-stake blockchains. Liquid Collective is a staking standard designed to meet the needs of enterprises.