The deal brings liquid staking products and compliance infrastructure to Plume\u2019s real-world asset blockchain.<\/p>\n
Plume<\/a> \u2013 a blockchain network focused on real-world assets (RWA) with a total value locked (TVL) of $294 million \u2013 has signed an agreement to acquire Dinero, the developer of a liquid staking protocol on Ethereum.<\/p>\n The deal adds institutional staking products for Ethereum (ETH), Solana (SOL), and Bitcoin (BTC) to Plume\u2019s platform, according to a press release viewed by The Defiant. BTC recently hit a new all-time high above $125,000<\/a> and is currently trading at $122,000, down 2% on the day. <\/p>\n Dinero\u2019s main product, ipxETH, is an institutional-grade liquid staking token with about $125 million in TVL, per the release. It offers regulated access to ETH staking via partnerships with entities like Galaxy and Laser Digital. ETH<\/a> is changing hands at $4,480, down 4% on the day. <\/p>\n The acquisition highlights how RWA and decentralized finance (DeFi) projects are looking for compliant ways to generate yield on major digital assets. <\/p>\n It also comes as institutional demand for staking grows alongside broader acceptance of cryptocurrency and shifting regulations. As of Oct. 8, around 30% of ETH\u2019s circulating supply (120.7 million coins) is staked. Meanwhile, around 68% of SOL\u2019s circulating supply is staked, around 370.3 million tokens. <\/p>\n \u201cDinero\u2019s staking solutions fit naturally into Plume\u2019s existing RWA infrastructure,\u201d said Teddy Pornprinya, Plume\u2019s co-founder and chief business officer. \u201cAdding ETH, SOL, and BTC liquid staking expands our product range at a time when institutional interest in Ethereum is growing.\u201d<\/p>\n The acquisition follows a series of moves by Plume to expand its ecosystem. Last week, it announced its registration with the U.S. Securities and Exchange Commission (SEC) to serve as a transfer agent. This allows the network to manage tokenized securities on-chain. Currently, Plume hosts RWAs valued at $179 million, up 15% over the past month, per RWAxyz.<\/p>\n