Plume Network, a blockchain focused on tokenized real-world assets (RWA), acquires Dinero Protocol to offer institutional-grade yield products for ether. the GROUND of Solana and Bitcoin directly into its ecosystem.
Dinero’s flagship staking product, the ipxETH yield token which has generated $125 million in total value locked, will become a key anchor for Plume’s expanded decentralized finance (DeFi) yield offering. The token allows institutional investors to access returns from Ethereum staking compliantly through partnerships with companies like Galaxy (GLXY) and Laser Digital, the digital assets arm of Japanese bank Nomura.
Plume, backed by investors including Brevan Howard, Galaxy, Haun Ventures and Apollo Global Management, offers a wide range of yield-generating strategies, including tokenized assets like private credit, aimed at bridging DeFi and RWA for retail and institutional investors. The protocol’s assets have grown by more than $360 million since its mainnet launch in June, according to data from DeFiLlama.
The latest news comes just days after Plume gained approval as an SEC-regulated transfer agent, allowing it to manage tokenized securities on-chain and integrate with traditional U.S. financial infrastructure like the DTCC settlement network.
The acquisition of Dinero will bring more tools and engineering talent in-house as the team expands globally in response to institutional demand for crypto exposure, Plume co-founder Teddy Pornprinya said in an interview with CoinDesk.
“Right now, we are running a pretty big institutional initiative in the US, Asia and entering the UAE market,” he said. “What we wanted to do (with the Dinero acquisition) is open up our product line to all types of institutional users.”
In addition to ipxETH, Plume will bundle Dinero’s staking products, pxSOL, pxBTC, and the branded liquid staking token architecture used across eight blockchains. Some of these assets will be transferred to native Plume products like plumeETH.
The deal is not yet finalized but the parties have signed a definitive agreement and binding terms, a spokesperson said.
Read more: PLUME grows 25% as network registers with SEC as transfer agent for tokenized securities
