Fluid and AGI3 have reached a strategic cooperation, and Kinetic plans to acquire up to 10% of FLUID tokens

robot
Abstract generation in progress

Deep Tide TechFlow news: On July 24, Fluid and AGI3 Group released a governance proposal announcing the establishment of a strategic ecosystem partnership. Kinetic Group plans to acquire up to 10% of FLUID tokens through the secondary market and over-the-counter transactions; the relevant tokens do not come from a DAO treasury or team allocations. Meanwhile, the Fluid Foundation will provide 5% of FLUID tokens to establish custody with compliant private banking and institutional digital asset custody providers in Switzerland, the European Union, Hong Kong, and Singapore, with a lock-up period of at least four years through 2030. As part of the cooperation, AGI3 will grant the Fluid Foundation 2% equity, with the lock-up period also set at four years.

The partnership will center on the institutional-focused permissioned DeFi platform AGI3 Markets. The platform is equipped with KYC/AML review mechanisms and supports lending and trading of real-world assets such as tokenized private credit, government bonds, commodities, stocks, and corporate bonds. The two parties have agreed that AGI3 Markets’ protocol revenue and incentive budget will be split on a 50:50 basis.

FLUID5.62%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pinned