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Across Protocol

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<p>The price of Across Protocol token surged sharply after a governance proposal suggested a major structural shift for the project.</p>
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 <div class="cn-block-summary__nav tabs"><span>Summary</span>
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   <li>Across Protocol token&nbsp;jumped 85% as a proposal suggests converting tokens into company shares.</li>
   <li>Holders could exchange ACX for equity in a new US C-corp or sell tokens for&nbsp;USDC&nbsp;in a buyout offer.</li>
   <li>The move is meant to help the protocol secure institutional partnerships and commercial agreements.</li>
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<p>ACX saw a sharp surge in activity, trading at about $0.063 at the time of writing. The token gained roughly 85% over the previous 24 hours, lifting its market capitalization to nearly $45 million.</p>
<p>Market participation also spiked. Daily trading volume climbed to approximately $51.7 million, representing an increase of more than 3,000% compared with the day before.</p>
<p>A similar trend appeared in the derivatives market. CoinGlass <a href="https://www.coinglass.com/currencies/ACX/futures" rel="noopener noreferrer nofollow">data</a> show that derivatives trading volume expanded dramatically, rising over 7,700% to $138 million. Meanwhile, open interest jumped by around 950%, reaching $20 million, pointing to a wave of new positions entering the market.</p>
<p>The sudden rally followed a <a href="https://forum.across.to/t/the-bridge-across/2097" rel="noopener noreferrer nofollow">proposal</a> submitted on March 11 to the Across governance forum by Risk Labs, the core development group responsible for Across Protocol.</p>
<h2 class="wp-block-heading" id="proposal-explores-token-to-equity-transition">Proposal explores token-to-equity transition</h2>
<p>The proposal, titled “The Bridge Across,” asks the community whether the protocol should <a href="https://crypto.news/?s=across" rel="noopener noreferrer nofollow">transition</a> from a token-based structure into a U.S. C-corporation.</p>
<p>If approved, a newly formed entity tentatively called AcrossCo would take over development, partnerships, and commercialization. The company would also hold the protocol’s intellectual property.</p>
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   <p>Proposal: “The Bridge Across”<br><br>A temp-check exploring whether Across should evolve from a DAO + token structure into a U.S. C‑corp. via a token-to-equity exchange and token buyout.<br><br>Thread and proposal below ⤵️ <a href="https://t.co/AtE9DHGxS4" rel="noopener noreferrer nofollow">pic.twitter.com/AtE9DHGxS4</a></p>— Across (@AcrossProtocol) <a href="https://twitter.com/AcrossProtocol/status/2031733304500654305?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">March 11, 2026</a>
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<p>The proposal gives ACX holders two possible paths. They can either swap their tokens for equity in the newly formed company or sell their holdings through a buyout offer.</p>
<p>For those choosing the equity route, the plan outlines a 1:1 conversion, meaning each ACX token would be exchanged for one company share. Holders with more than 5 million ACX would be able to convert their tokens directly into equity. Smaller holders, however, would gain exposure through a special purpose vehicle designed to pool their participation.</p>
<p>Token holders who would rather exit could instead accept a buyout offer set at $0.04375 per ACX, with payment made in USD Coin. That price represents roughly a 25% premium to the token’s average trading price over the past 30 days.</p>
<p>The buyout window would remain open for six months if the proposal ultimately passes. Funding for the offer would come from the protocol’s liquid treasury.</p>
<h2 class="wp-block-heading" id="institutional-partnerships-driving-the-proposal">Institutional partnerships driving the proposal</h2>
<p>According to the proposal, the shift toward a traditional <a href="https://crypto.news/paradigm-coinbase-back-across-protocols-41m-raise-for-cross-chain-interop/" rel="noopener noreferrer nofollow">corporate</a> structure is meant to address practical challenges faced by decentralized autonomous organizations.</p>
<p>DAO-based governance can make it difficult to sign enforceable contracts, establish liability frameworks, or negotiate certain types of commercial agreements. These limitations sometimes create barriers when dealing with institutional partners.</p>
<p>Risk Labs said the change could make it easier for the project to secure partnerships and revenue agreements while continuing to build the protocol’s infrastructure.</p>
<p>The proposal is currently a temperature check, meaning it is meant to gather community feedback before any binding vote takes place.</p>
<p>The timeline outlined in the document suggests a governance vote could occur in early April. If approved, legal structuring and token conversion infrastructure would begin shortly afterward.</p>
<p>Across Protocol has spent several years building cross-chain bridging infrastructure, including fast transaction systems designed to move assets between blockchains in seconds.</p>
<p>Read more: <a href="https://crypto.news/icp-price-upbit-listing-100m-market-cap-surge-2026/" rel="noopener noreferrer nofollow"> ICP price surges 10% with $100M added to market cap following Upbit listing </a></p>

ACX price gains 85% as Across Protocol proposes token-to-equity conversion

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