Across Protocol Plans C-Corp Shift, Offers ACX Equity Swap or Buyout

Across Protocol, a cross-chain interoperability network developed by Risk Labs, is governed through the ACX token and a decentralized autonomous organization. Risk Labs says that structure has become a commercial constraint, complicating enforceable contracts, revenue-sharing agreements and integrations with large enterprises and financial institutions. The proposed switch to a conventional U.S. corporation would place the protocol’s intellectual property and development under AcrossCo, testing whether crypto projects need more centralized legal structures to win institutional business.

Risk Labs posted a non-binding “temperature check” on March 11 proposing a U.S. C-corporation. ACX holders could exchange tokens for AcrossCo shares at a 1:1 ratio or sell them for 0.04375 USDC apiece, 25% above the prior 30-day average. ACX surged as much as 80% on March 12 to about $0.06. A community call was set for March 18, with discussion through March 25 and a Snapshot vote scheduled for March 26.