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Fluid has formed a partnership with AGI3, a subsidiary of Kinetic Group, and Kinetic plans to acquire up to 10% of FLUID tokens.

58 minutes ago

DeFi protocol Fluid and AGI3 Group have released a governance proposal announcing a strategic ecosystem partnership. Kinetic Group plans to acquire up to 10% of the total FLUID token supply via secondary market purchases and over-the-counter (OTC) trades, with the acquired tokens not sourced from the DAO treasury or team allocations. The Fluid Foundation will separately provide 5% of FLUID tokens to be held in custody at compliant private banks and institutional digital asset custodians in Switzerland, the EU, Hong Kong, and Singapore; these tokens will be locked for at least four years through 2030. As part of the strategic collaboration, AGI3 will grant a 2% equity stake to the Fluid Foundation, also locked for four years. AGI3 is an entity established by Kinetic Group, a private asset management firm regulated by the Dubai Financial Services Authority (DFSA), focused on building composite financial infrastructure spanning payments, banking, capital markets, and tokenization sectors. The partnership’s core product is AGI3 Markets, a permissioned DeFi instance for institutional users, equipped with KYC/AML checks, supporting lending and trading of real-world asset (RWA) classes including tokenized private credit, government bonds, commodities, equities, and corporate bonds. The two parties have agreed that all protocol revenue and incentive budgets generated by AGI3 Markets will be split on a 50/50 basis.

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