$ACX Surges 80%! Across Protocol plans to restructure its DAO into a separate entity; tokens can be exchanged 1:1 for equity or redeemed at a premium.

The governance structure of cryptocurrency projects is undergoing an unprecedented compliance transformation experiment. Across Protocol, a well-known decentralized cross-chain infrastructure, recently dropped a bombshell, officially launching a "Temperature Check" proposal in the community, which plans to completely transform the current decentralized autonomous organization (DAO) and token structure into a US-based C-corporation with a traditional equity structure.

DAO structure encounters bottlenecks, transforms to seek institutional cooperation.

Across Protocol is an intents-based cross-chain interoperability protocol that primarily connects Ethereum with blockchain networks such as Solana. The project boasts a strong backing, having raised a total of $51 million in its two previous token funding rounds. Its latest $41 million round was led by top venture capital firm Paradigm, with participation from Coinbase Ventures, Multicoin Capital, and others.

However, the Across team acknowledged in their proposal that while the underlying protocol has processed over $35 billion in transactions, the current DAO structure faces significant limitations when collaborating with corporate partners. Since institutional partnerships typically require legally binding contracts and clearly defined legal entities, the loose structure of the DAO has gradually become a bottleneck for the protocol's long-term expansion. Therefore, the team proposed establishing a new entity called "AcrossCo" as the operating company behind the Across Protocol.

Token holders have two options: exchange for equity or cash out at a premium.

For existing ACX token investors, this transition plan offers two clear exit or conversion paths:

• Option 1: Equity Exchange: ACX holders can exchange their tokens for equity in the new company, AcrossCo, on a 1:1 basis. Larger holders can choose to exchange directly, while smaller retail investors can participate in the shareholding through a fee-free special purpose vehicle (SPV) structure.
• Option 2: Token Buyout: If investors do not wish to hold traditional equity, they can choose to redeem their ACX for USDC at a fixed price of $0.04375. This price represents a premium of up to 25% over the average market price of ACX over the past month. Holders will have a 6-month window to make a decision.

A formal governance vote will be held in two weeks.

Across Protocol co-founder Hart Lambur told the media that the solution provides token holders with equity or a "fair" exit mechanism, which will contribute to the long-term development of the protocol. The team also assured that the underlying cross-chain protocol will continue to operate uninterruptedly.

Lambur emphasized that if the current temperature checks receive positive feedback from the community, the team will release a formal governance proposal two weeks after the end of the discussion period, and the final fate of the plan will be decided by a simple majority vote of token holders.

Fueled by this news, the price of ACX tokens surged by approximately 80% in the past 24 hours, reaching a high of $0.07.

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