RWA Chain Plume Acquires Dinero to Expand Institutional DeFi Yield Offering
Plume Network Acquires Dinero Protocol to Enhance DeFi Yield Offerings
- Plume Network is acquiring Dinero Protocol to integrate institutional-grade yield products for ETH, Solana's SOL, and BTC into its ecosystem.
- Dinero’s ipxETH token, with $125 million in total value locked, will be central to Plume's expanded DeFi yield offerings.
- The acquisition brings additional tools and engineering talent to Plume as it expands globally.
- Plume, backed by major investors including Brevan Howard and Apollo Global Management, aims to bridge DeFi and real-world assets (RWAs).
- Assets on the Plume protocol have increased to over $360 million since its mainnet launch in June.
- Plume recently gained approval as an SEC-regulated transfer agent, enabling integration with U.S. financial infrastructure.
- Plans include transitioning some of Dinero’s staking products to native Plume products like plumeETH.
- The acquisition agreement has been signed but not yet closed.