RWA Chain Plume Acquiring Dinero to Expand Institutional DeFi Yield Offering

Plume Network, a blockchain focused on tokenized real-world assets (RWAs), is acquiring Dinero Protocol to bring institutional-grade yield products for ether (ETH), Solana's SOL (SOL) and bitcoin (BTC) directly into its ecosystem.

Dinero’s flagship staking product, the ipxETH yield-bearing token that has drawn $125 million in total value locked, will become a key anchor for Plume’s expanded decentralized finance (DeFi) yield offering. The token gives institutional investors access to Ethereum staking yields in a compliant way in partnerships with firms like Galaxy (GLXY) and Laser Digital, the digital asset arm of Japan's Nomura bank.

Plume, backed by investors such as Brevan Howard, Galaxy, Haun Ventures and Apollo Global Management, offers a wide range of yield-generating strategies including tokenized assets like private credit, aiming to bridge DeFi and RWAs for retail and institutional investors. Assets on the protocol has swelled over $360 million since its mainnet launch in June, DeFiLlama data shows.

The latest news comes just days after Plume secured approval as an SEC-regulated transfer agent, allowing it to handle tokenized securities onchain and integrate with U.S. traditional finance infrastructure like DTCC's settlement network.

The Dinero acquisition will bring more tools and engineering talent in-house as the team is expanding globally eyeing institutional demand for crypto exposure, Teddy Pornprinya, Plume co-founder said in an interview with CoinDesk.

“Right now, we're doing a pretty large institutional push in the U.S., Asia and breaking into the UAE market,” he said. “What we wanted to do [with the Dinero acquisition] is to open up our product suit onboard all types of institutional users.”

In addition to ipxETH, Plume will fold Dinero's staking products pxSOL, pxBTC and branded liquid staking token architecture used across eight blockchains. Some of these assets will transition to native Plume products like plumeETH.

The deal has not closed yet but the parties signed a definitive agreement and binding term sheet, a spokesperson said.

Read more: PLUME Rises 25% as Network Registered by SEC as Transfer Agent for Tokenized Securities