TL;DR
- Plume agreed to acquire Dinero to integrate institutional liquid staking products for ETH, SOL, and BTC, expanding its DeFi product offering.
- Dinero’s ipxETH token, with $125 million in TVL, will allow institutional investors to earn ETH yields in a secure and regulated manner.
- The acquisition will strengthen its infrastructure and enable the connection between the DeFi market and real-world assets.
Plume, the blockchain focused on real-world assets (RWA), announced an agreement to acquire Dinero, the developer of a liquid staking protocol on Ethereum.
The deal will add institutional staking products for Ethereum (ETH), Solana (SOL), and Bitcoin (BTC) within Plume’s ecosystem, expanding its regulated DeFi yield offerings and reinforcing its tokenized asset infrastructure. The agreement has not yet closed, but the parties have signed a definitive contract and a binding term sheet.
Dinero’s flagship product, ipxETH, is an institutional-grade liquid staking token with approximately $125 million in TVL. It allows institutional investors to earn ETH yields securely and in compliance through partnerships with firms like Galaxy and Laser Digital, the digital asset division of Japan’s Nomura bank.
Plume will also integrate other staking products from Dinero, such as pxSOL and pxBTC, along with the liquid staking token architecture used across eight blockchains, adapting some of these assets to native Plume products within its ecosystem.
Plume: A Product Suite for All Types of Investors
There is growing demand for staking tools among institutional investors. According to Teddy Pornprinya, Plume’s co-founder, the goal is to open the platform’s product suite to all types of institutional investors in the U.S., Asia, and the UAE. The acquisition will bring additional engineering talent and tools to facilitate the integration of liquid staking products across the network.
Recently, Plume was approved as an SEC-regulated transfer agent, allowing it to manage tokenized securities on-chain and connect with traditional financial infrastructure, including the DTCC settlement network. The protocol currently manages RWAs valued at $179 million, up 15% over the past month, and its native token trades at $0.11, up 20% in the last month. Since its mainnet launch in June, the platform has accumulated over $360 million in on-chain assets.
The acquisition of Dinero positions Plume to bridge the DeFi economy with real-world assets, offering yield products that are secure, regulated, and accessible to both retail and institutional investors
