The deal brings liquid staking products and compliance infrastructure to Plume’s real-world asset blockchain.
Plume – a blockchain network focused on real-world assets (RWA) with a total value locked (TVL) of $294 million – has signed an agreement to acquire Dinero, the developer of a liquid staking protocol on Ethereum.
The deal adds institutional staking products for Ethereum (ETH), Solana (SOL), and Bitcoin (BTC) to Plume’s platform, according to a press release viewed by The Defiant. BTC recently hit a new all-time high above $125,000 and is currently trading at $122,000, down 2% on the day.
Dinero’s main product, ipxETH, is an institutional-grade liquid staking token with about $125 million in TVL, per the release. It offers regulated access to ETH staking via partnerships with entities like Galaxy and Laser Digital. ETH is changing hands at $4,480, down 4% on the day.
The acquisition highlights how RWA and decentralized finance (DeFi) projects are looking for compliant ways to generate yield on major digital assets.
It also comes as institutional demand for staking grows alongside broader acceptance of cryptocurrency and shifting regulations. As of Oct. 8, around 30% of ETH’s circulating supply (120.7 million coins) is staked. Meanwhile, around 68% of SOL’s circulating supply is staked, around 370.3 million tokens.
“Dinero’s staking solutions fit naturally into Plume’s existing RWA infrastructure,” said Teddy Pornprinya, Plume’s co-founder and chief business officer. “Adding ETH, SOL, and BTC liquid staking expands our product range at a time when institutional interest in Ethereum is growing.”
The acquisition follows a series of moves by Plume to expand its ecosystem. Last week, it announced its registration with the U.S. Securities and Exchange Commission (SEC) to serve as a transfer agent. This allows the network to manage tokenized securities on-chain. Currently, Plume hosts RWAs valued at $179 million, up 15% over the past month, per RWAxyz.
Prior to this, Plume partnered with World Liberty Financial (WLFI) to make USD1 the official reserve asset for its native stablecoin, pUSD. USD1, issued by WLFI – a DeFi project with ties to President Donald Trump – has a market capitalization of $2.67 billion.
Meanwhile, Plume’s native token (PLUME) is trading at $0.11, up 20% over the past month, per CoinGecko data. This coincides with the growing RWA sector, which has more than doubled this year, rising from about $15 billion in January to over $33 billion in on-chain value today, according to RWA.xyz.
