Plume Network, a blockchain dedicated to tokenized real-world assets (RWAs), is taking a significant step to enhance its institutional DeFi presence by acquiring Dinero Protocol. The move aims to provide a wider range of yield strategies for assets such as Ether, SOL, and Bitcoin.
Strengthening Institutional Yield Products
The acquisition will make Dinero’s flagship staking product, the ipxETH yield-bearing token, a core component of Plume’s DeFi yield offerings. With $125 million in total value locked, ipxETH enables institutional investors to access Ethereum staking yields in a compliant manner, through partnerships with firms like Galaxy and Laser Digital, Nomura Bank’s digital asset arm in Japan.
Plume co-founder Teddy Pornprinya highlighted that the acquisition is part of a broader push to attract institutional users across the U.S., Asia, and the UAE. “Our goal with this acquisition is to onboard all types of institutional clients and expand our product suite,” he said.
Expanding Product Suite and Engineering Talent
In addition to ipxETH, Plume will integrate Dinero’s staking products pxSOL and pxBTC, along with its branded liquid staking token architecture used across eight blockchains. Some of these assets will transition to native Plume products such as plumeETH, further solidifying its multi-chain strategy.
The deal also brings additional engineering talent in-house to support global expansion and meet growing institutional demand for crypto exposure.
Milestones and Regulatory Advancements
Plume recently received approval as an SEC-regulated transfer agent, enabling it to handle tokenized securities on-chain and integrate with traditional U.S. financial infrastructure, including the DTCC settlement network. Since its mainnet launch in June, Plume’s total assets have exceeded $360 million, offering tokenized strategies ranging from private credit to liquid staking.
Although the acquisition has not yet closed, both parties have signed a definitive agreement and binding term sheet, marking a strategic step in Plume’s institutional growth roadmap.
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