Lisk will shut down its Lisk Chain, phase out its DAO, and transition to an enterprise funds management platform.

Lisk founder Max Kordek announced that Lisk will officially transition to a modern treasury operations platform for enterprise finance teams, focusing on core funds management services including accounts, payments, and approvals, while phasing out its original blockchain ecosystem. The new platform is designed to deliver a unified funds management workspace for enterprises operating across entities and jurisdictions that use both fiat currencies and stablecoins. Early Access for eligible enterprises is now open, with current features supporting unified management of bank and stablecoin accounts, bank transfers, stablecoin receipts and payments, and permission-based payment approvals; future expansions will include corporate cards, non-custodial funds management, payroll integration, and more. Meanwhile, Lisk Chain will be shut down on October 31, 2026. Lisk has partnered with the Celo team to provide on-chain DApps, developers, and projects with a migration path to the Celo network. Lisk also plans to wind down its DAO, which includes burning 100 million LSK tokens from the DAO treasury to reduce the total supply from 400 million to 300 million, eliminating staking penalties to allow holders to unstake flexibly, and gradually shutting down DAO governance infrastructure. Regarding LSK tokens, they will become the new platform’s "loyalty token": enterprises earn rewards for using the Lisk treasury platform and referring other businesses, and can use LSK to pay platform fees in the future. LSK will primarily operate on Ethereum and Base networks. Users still holding LSK on Lisk Chain must complete their migration to Ethereum by October 31.