Plume Network, a blockchain focused on tokenized real-world assets (RWAs), acquires Dinero Protocol to bring institutional-grade yield products to ether ETH$4,485.43Solana’s SOL SOL$222.30 and Bitcoin BTC$122,739.37 directly into its ecosystem.
Dinero’s flagship staking product, the ipxETH yield-bearing token that has raised $125 million in total value, will be a key anchor for Plume’s expanded decentralized finance (DeFi) yield offering. The token gives institutional investors compliant access to proceeds from Ethereum staking in partnerships with companies like Galaxy (GLXY) and Laser Digital, the digital asset arm of Japan’s Nomura bank.
Backed by investors such as Brevan Howard, Galaxy, Haun Ventures and Apollo Global Management, Plume offers a wide range of return-generating strategies, including tokenized assets such as private credit, with the aim of bridging the gap between DeFi and RWAs for retail and institutional investors. Assets on the protocol have increased by more than $360 million since the mainnet launched in June, DeFiLlama data shows.
The latest news comes just days after Plume received approval as an SEC-regulated transfer agent, allowing it to process tokenized security onchain and integrate with traditional U.S. financial infrastructure such as DTCC’s settlement network.
The acquisition of Dinero will bring in more tools and technical talent as the team expands globally and monitors institutional demand for crypto exposure, Teddy Pornprinya, co-founder of Plume, said in an interview with CoinDesk.
“Right now we’re doing a pretty big institutional push in the US and Asia and breaking into the UAE market,” he said. ‘What we wanted to do [with the Dinero acquisition] is to open up our product suite to all types of institutional users.”
In addition to ipxETH, Plume will fold Dinero’s staking products pxSOL, pxBTC and the brand’s liquid staking token architecture, which is used across eight blockchains. Some of these assets will transition to native Plume products such as plumeETH.
The deal has not yet closed, but the parties have signed a final agreement and a binding term sheet, a spokesperson said.
Read more: PLUME soars 25% as network registered by SEC as transfer agent for tokenized securities
