Brevan Howard Backed Alluvial Launches Hub to Support Staking

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Tanzeel Akhtar

Journalist

Tanzeel Akhtar

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Tanzeel Akhtar is a seasoned journalist who has been reporting on cryptocurrency and blockchain technology since 2015. Her work has appeared in leading publications including The Wall Street Journal,...

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November 26, 2024

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Alluvial, a software development firm, backed by Brevan Howard Digital is launching the Alluvial stake management system for staking management.

The firm said its new platform will address staking needs and simplify staking operations for institutions, and asset managers. The firm said staking adoption is increasing globally.

In an announcent, the firm said the Alluvial stake management system will have an all-in-one-hub for institutions and give users control over staking operations.

“It streamlines workflows, unifies reporting, and offers a path to unlock instant liquidity* without compromising security or compliance,” said Alluvial in a press release.

The hub will give users the ability to stake across multiple custodians and node operators using a single interface. It wil also give future-proof staking products access to liquidity, through an option to convert staked balances to Liquid Collective’s Liquid Staked ETH (LsETH).

As Staking Matures More Demand For Tools

“Alluvial SMS is purpose-built to simplify and enhance staking operations, by automating workflows and providing granular control across multiple providers,” said Matt Leisinger, co-founder of Alluvial.

“As the staking ecosystem matures, institutions require secure, performant tools to manage complex operations efficiently,” adds Leisinger.

Further Funding Secured

This month Alluvial raised $4.3 million further funding. This brings the total funding to $22.5 million. Alluvial is backed by the VC firm F-Prime Capital, the parent company of Fidelity Investments and Brevan Howard Digital.

Lack of Regulatory Clarity Around Staking

During the Staking Summit hosted in Bangkok, Thailand earlier this month panellists discussed regulation around staking, Lewis Han, head of staking sales at Coinbase highlighted the ongoing regulatory challenges. There has been a lack of regularity clarity but this is changing as engagement with the sector increases.