Across Protocol explores converting to a private company with ACX token-to-equity exchange option via temp check proposal.
Regulation & Gov ·
Across Protocol has posted a temp check proposal exploring a transition to private company status, which would include an option for ACX tokenholders to exchange their tokens for equity stakes, according to reporting. The mechanism would allow existing token owners to convert ACX holdings into shares of the private entity, creating a path for token liquidity in a restructured organizational form.
The proposal remains in its exploratory phase as a temperature check—a preliminary governance signal rather than a binding decision. The specifics of the exchange ratio, vesting terms, or implementation timeline have not been detailed in available reporting. It is unclear whether this represents a full wind-down of the public token or a partial transition, and what percentage of ACX holders might participate in such an exchange.