Plume Network to acquire Dinero in effort to expand institutional DeFi yields

Plume Network has announced its acquisition of Dinero Protocol to enhance its offering of institutional-grade decentralized finance (DeFi) yields. The acquisition will incorporate Dinero's suite of liquid staking and yield-bearing tokens, including ipxETH, pxSOL, and pxBTC, thus strengthening Plume's presence in the institutional DeFi sector. Dinero’s ipxETH, which has attracted $125 million in total value locked, will be foundational to Plume’s expanded yield strategy by providing compliant access to staking returns on major assets such as ether (ETH), SOL, and bitcoin (BTC). Furthermore, Plume recently became a regulated transfer agent recognized by the US Securities and Exchange Commission (SEC), allowing it to manage tokenized securities onchain and connect with US financial structures like the DTCC. Co-founder Teddy Pornprinya emphasized the acquisition signifies a large institutional push across the US, Asia, and the UAE. A definitive agreement has been established, but the deal is not yet finalized, potentially positioning Plume among a select group of regulated platforms that marry tokenized assets with compliant DeFi yield mechanisms.

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