Plume Network Acquires Dinero Protocol to Boost Institutional DeFi Yield Products for BTC, ETH and SOL

Plume Network, a leading blockchain platform specializing in tokenized real-world assets (RWAs), has announced the strategic acquisition of Dinero Protocol to enhance its institutional-grade yield offerings for major cryptocurrencies including Bitcoin (BTC), Ethereum (ETH), and Solana (SOL). The integration will feature Dinero's flagship staking product, ipxETH, which has accumulated $125 million in total value locked (TVL), serving as a cornerstone for Plume's expanded decentralized finance (DeFi) yield services. This move provides institutional investors compliant access to Ethereum staking yields through partnerships with established firms like Galaxy and Laser Digital, Nomura's digital asset division. Backed by prominent investors including Brevan Howard, Haun Ventures, and Apollo Global Management, Plume has seen its assets surge to over $360 million since its June mainnet launch, according to DeFiLlama data. The acquisition follows Plume's recent approval as an SEC-regulated transfer agent, enabling it to manage tokenized securities and integrate with traditional finance infrastructure such as the DTCC settlement network. Co-founder Teddy Pornprinya emphasized that the deal supports global expansion into the U.S., Asia, and UAE markets, aiming to onboard diverse institutional users. Additionally, Plume will incorporate Dinero's staking products like pxSOL, pxBTC, and its liquid staking token architecture across eight blockchains, with some assets transitioning to native Plume products such as plumeETH. Although the deal has not yet closed, a definitive agreement and binding term sheet have been signed, signaling strong progress.