<\/p>\n
Across Protocol is considering a C\u2011Corp pivot that lets ACX holders swap tokens for equity in AcrossCo or USDC, testing whether token-era DAOs migrate to traditional cap tables.<\/p>\n
<\/p>\n
Cross-chain bridge Across Protocol is exploring a radical restructuring that would let ACX token holders swap their tokens for equity in a new U.S. C\u2011Corp, AcrossCo, or redeem for stablecoins, marking one of the clearest tests yet of how DeFi projects adapt to regulatory and institutional pressure. The team has launched a \u201ctemperature check\u201d proposal to gauge community appetite before moving to a formal on\u2011chain vote.<\/a>\u200b<\/p>\n Under the plan, AcrossCo would become the core operating company for the protocol, while ACX holders gain two main options over a six\u2011month window: exchange ACX 1:1 for equity in AcrossCo, or cash out by redeeming ACX for USDC at the token\u2019s average market price over a month. Larger holders would be able to convert directly into equity, whereas smaller holders would route through a free special purpose entity to pool and manage their stake. The structure is designed to satisfy regulatory requirements around cap tables and accredited investors while still preserving an on\u2011ramp for the long tail of tokenholders.<\/a>\u200b<\/p>\n Co\u2011founder Hart Lambur said<\/a> that if feedback is supportive, the team will initiate a formal governance vote two weeks after the temperature check ends, with a simple majority deciding the outcome. Across has framed the move as a response to the practical limits of the current DAO structure, pointing to issues around enforceable contracts, counterparty risk, and the absence of a clear legal wrapper as institutional demand for bridging and liquidity infrastructure grows. In other words, the protocol wants to look and behave more like a traditional software company to the outside world, even if parts of the stack remain decentralized under the hood.<\/p>\n <\/p>\n Capital backing is already in place. Across has raised a total of 51 million dollars across two token rounds, including a 41 million dollar raise led by Paradigm with Bain Capital Crypto, Coinbase Ventures, and Multicoin Capital participating. ACX currently trades near 0.035 dollars, up roughly 4% over the past 24 hours but down about 84% over the past year, underscoring the pressure on token\u2011only models in a market that increasingly rewards clear cash\u2011flow rights and legal protections.<\/a>\u200b<\/p>\n If approved, Across\u2019s restructuring could become a template for late\u2011cycle DeFi projects seeking to square token\u2011based governance with real\u2011world compliance and institutional onboarding. It would also sharpen the debate over whether DAO tokens are long\u2011term ownership instruments or transitional mechanisms on the way to more conventional equity structures, especially for infrastructure servicing exchanges, trading firms, and custodians. For now, the critical question is whether ACX holders value legal clarity and equity upside more than the ideological purity of remaining fully token\u2011native.<\/p>\n <\/p><\/div>\n","protected":false},"excerpt":{"rendered":" Across Protocol is considering a C\u2011Corp pivot that lets ACX holders swap tokens for equity in AcrossCo or USDC, testing whether token-era DAOs migrate to traditional cap tables. Summary Across…<\/p>\n","protected":false},"author":1,"featured_media":12745,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-23655","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency"],"_links":{"self":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/23655","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/comments?post=23655"}],"version-history":[{"count":1,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/23655\/revisions"}],"predecessor-version":[{"id":23656,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/23655\/revisions\/23656"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media\/12745"}],"wp:attachment":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media?parent=23655"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/categories?post=23655"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/tags?post=23655"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}