Just saw it! The king-level compliant public chain rwa @plumenetwork has acquired Dinero Protocol for $1 million!
Why do this? What does it represent?
Dinero is a protocol, and its core product is ipxETH.
ipxETH, as a compliant liquid staking token aimed at institutions, has already reached a TVL of $125 million.
Well, mainly it can better and more compliantly cater to institutions, which place great importance on compliance.
This perfectly supports the integration of compliant tokenization, yield generation, and ETH/SOL/BTC staking.
Additionally, the $9.47 million assets in the Dinero treasury will be converted to USDC for holders to redeem.
With Plume recently approved by the SEC to become a regulated transfer agent, promoting on-chain IPOs and institutional adoption, the current TVL exceeds $360 million.
Supported by institutions like Apollo.
With the SEC's new regulations on liquid staking tokens and fair value accounting, institutions will feel more secure when holding and reporting digital assets.
Overall, it just makes it easier for institutions to get involved.
Awesome.
Plume is acquiring @dinero_xyz 👁️
Dinero is the creator of ETH's fastest-growing liquid staking protocol.
This strengthens and expands our RWAfi ecosystem with institutional-grade staking infrastructure for ETH, SOL, and BTC.
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