Across Protocol plans to dissolve the DAO and transition to a private company. Token holders will receive equity or USDC exit options.

ZkProver · 2026-04-05T10:25:48+00:00

ChainCatcher news, the development team behind Across Protocol, Risk Labs, has proposed dissolving the existing DAO structure and transforming the project into a C-type corporation in the United States. The team pointed out that the current token and DAO architecture have substantially impacted their ability to collaborate with institutional and corporate partners. A traditional corporate structure is expected to help explore new business opportunities.According to the plan, ACX token holders can choose to exchange their tokens for equity in the new company at a 1:1 ratio or redeem USDC at a price of $0.04375 per token, a 25% premium over the 30-day average price. Holders with more than 5 million tokens can directly convert to equity, while smaller holders can participate through special purpose vehicles (SPV).Following the announcement, ACX surged 70% in a single day to $0.06. The redemption window is expected to open after the proposal is approved.

ZkProver

2026-04-05 10:25:48

ChainCatcher message: The development team behind Across Protocol, Risk Labs, has proposed dissolving the existing DAO structure and transforming the project into a U.S. C-corporation. The team stated that the existing token and DAO architecture has already effectively impacted its ability to partner with institutional and corporate partners, and that a traditional corporate structure would help unlock new business opportunities.

Under the proposal, ACX token holders may choose to swap their tokens for new company equity at a 1:1 ratio, or to redeem at a price of $0.04375 per token into USDC, which is a 25% premium over the average price over the past 30 days. Holders of more than 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 passed and will last for six months. Co-founder Hart Lambur emphasized that the final decision must be approved through a DAO vote.

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