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Across Protocol plans to dissolve the DAO and transition to a private company, offering token holders equity or USDC exit options
By: rootdata|2026/03/12 13:43:30
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The development team behind Across Protocol, Risk Labs, has proposed to dissolve the existing DAO structure and transform the project into a U.S. C Corporation. The team pointed out that the current token and DAO architecture have significantly impacted its ability to collaborate with institutional and corporate partners, and a traditional corporate structure will help explore new business opportunities.
According to the proposal, ACX token holders can choose to exchange their tokens for equity in the new company at a 1:1 ratio or redeem them for USDC at a price of $0.04375 each, which is a 25% premium over the average price of the past 30 days. Holders of over 5 million tokens can directly convert to equity, while smaller holders can participate through a Special Purpose Vehicle (SPV).
After the announcement, ACX surged 70% in a single day to $0.06. The redemption window is expected to open within three months after the proposal is approved, lasting for six months. Co-founder Hart Lambur emphasized that the formal decision must be approved by a DAO vote.
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