$ACX Surges 80%! Across Protocol plans to reorganize the DAO into a physical company, with tokens exchangeable 1:1 for equity or redeemable at a premium.

Supported by top venture capital firm Paradigm, the cross-chain protocol Across Protocol has initiated a “Temperature Check” proposal to explore transforming its existing DAO and token structure into a U.S. C-Corp. If approved, ACX token holders can choose to exchange their tokens 1:1 for equity in the new company or redeem them for USDC at a 25% premium.

(Background: Deep Dive into Cross-Chain Bridges: From On-Chain Capital “Routers” to New Value Capture Models)
(Additional context: Cross-Chain Bridges + Chain Abstraction—How to Achieve Mass Adoption of Cryptocurrency?)

Table of Contents

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• DAO Structure Faces Bottlenecks, Transitioning for Institutional Partnerships
• Two Paths for Token Holders: Swap for Equity or Cash Out at Premium
• Formal Governance Vote to Launch in Two Weeks

The governance structure of cryptocurrency projects is undergoing an unprecedented compliance transformation. Renowned decentralized cross-chain infrastructure Across Protocol recently made a bold move by launching a “Temperature Check” proposal within its community, aiming to fully convert its current DAO and token structure into a U.S. C-Corp and traditional equity framework.

DAO Structure Faces Bottlenecks, Transitioning for Institutional Partnerships

Across Protocol is an intent-based cross-chain interoperability protocol primarily connecting Ethereum and Solana networks. The project has a strong background, having raised a total of $51 million across two funding rounds, with the latest $41 million led by top venture capital firm Paradigm, and investments from Coinbase Ventures, Multicoin Capital, and others.

However, the Across team admits that while their underlying protocol has handled over $35 billion in transaction volume, the current DAO structure faces significant limitations when working with corporate partners. Institutional collaborations often require legally binding contracts and clear legal entities, which the loose DAO framework cannot adequately provide. As a result, the team proposes establishing a new entity called “AcrossCo” to serve as the operational company behind Across Protocol.

Two Paths for Token Holders: Swap for Equity or Cash Out at Premium

For existing ACX token investors, this transition offers two clear exit or conversion options:

• Option 1: Equity Exchange: ACX holders can exchange their tokens 1:1 for equity in the new company AcrossCo. Large holders may choose to directly convert; smaller retail investors can participate through a fee-free special purpose vehicle (SPV) structure to hold shares.
• Option 2: Token Buyout: If not interested in holding traditional equity, investors can opt to redeem their ACX tokens for USDC at a fixed price of $0.04375. This price represents a 25% premium over the average market price of ACX over the past month. Holders will have a 6-month window to decide.

Formal Governance Vote to Launch in Two Weeks

Across Protocol co-founder Hart Lambur told media that this plan provides token holders with an equity or “fair” exit mechanism, supporting the protocol’s long-term development. The team also guarantees that the underlying cross-chain protocol will continue to operate uninterrupted.

Lambur emphasized that if the community responds positively to this temperature check, the team will publish a formal governance proposal at the end of the two-week discussion period, and token holders will vote by simple majority to determine the final outcome of the plan.

Inspired by this news, the ACX token price surged approximately 80% in the past 24 hours, reaching a high of $0.07.