ACX from Across jumps 80%, significantly outperforming Bitcoin, as the project moves to scrap its DAO model.

Across Protocol Proposes Shift to C-Corp, ACX Token Surges 80%

Across Protocol is moving to shake up its structure, offering ACX token holders the choice to convert their holdings into equity in a new U.S. C-corporation or sell them for a 25% premium. If approved, this would mark one of the first major reversals from a DAO to a traditional corporate model.

The team cited difficulties in closing institutional deals under the current DAO framework. “The token and DAO structure has materially impacted our ability to close partnerships and integrations,” the proposal said. “Transitioning to a traditional legal entity would improve our ability to enter enforceable contracts, structure revenue agreements, and deliver more value to stakeholders.”

Following the announcement, ACX jumped 80% to $0.06, up from $0.033. The spike reflects the buyout floor and speculation that the equity option may hold greater value. Bitcoin and the CoinDesk 20 remain flat.

Under the plan, holders have two options:

Equity Conversion: Large holders (5 million ACX+) convert directly into shares of the new entity, AcrossCo, which will manage protocol IP. Smaller holders can participate through a no-fee SPV starting at 250,000 ACX, all at a 1:1 token-to-share ratio.
USDC Buyout: Tokens can be sold at $0.04375, a 25% premium, with a six-month buyout window funded by protocol liquid assets.

A community call is set for March 18, discussions run through March 25, and a Snapshot vote follows on March 26. Conversion would start in early April if approved.

DeFi proponents have long favored tokens and DAOs over traditional corporate models, but Across argues a conventional C-corp would better support growth and institutional adoption. Risk Labs called ACX “significantly undervalued” and the proposal an opportunity to “double down on Across.”

ACX’s 24-hour trading volume of $149 million—over three times its market cap—underscores strong market interest ahead of governance votes.