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stakeprotocol Developer Alluvial completes $4.3 million strategic financing, with _iant leading the investment
PANews reported on November 19th that according to official sources, Alluvial, a software development company that supports Liquid Collective, has completed a new strategic financing round of $4.3 million, with Variant leading the investment and participation from Ethereal Ventures, Brevan Howard Digital, F-Prime Capital (the venture capital firm of FMR, LLC, the parent company of Fidelity Investments), Nascent, bringing the total financing amount to $22.5 million. This funding aims to accelerate adoption in the institutional stake market by promoting the development of specialized, open, and configurable solutions. According to the introduction, Alluvial is a software development company that provides enterprise-level stake products and services, focusing on promoting the mainstream adoption and participation of proof-of-stake blockchain. Liquid Collective is a stake standard designed to meet the needs of enterprises. Earlier in July last year, Alluvial completed a $12 million Series A financing round, led by Ethereal Ventures and Variant.