Across to wind down ACX, offer equity swap or USDC redemption

Across Protocol said it will gradually wind down operations for the ACX token and shift its operating structure to a newly established Across entity. ACX will lose all governance, utility and economic value starting Jan. 8, 2027, and holders must complete the redemption process before that date. Under the plan, ACX holders can choose either company equity or redemption in USDC on a one-to-one basis, with each ACX valued at $0.04375. In principle, applicants must hold at least 250,000 ACX, allocations will be made on a first-come, first-served basis, applicants must complete know-your-customer checks, and U.S. applicants must also meet accredited investor requirements.