Fluid and AGI3 Enter Strategic Partnership, Kinetic Plans to Acquire Up to 10% of FLUID Tokens

TechFlow reports that on July 24, Fluid and AGI3 Group released a governance proposal announcing a strategic ecosystem partnership. Kinetic Group plans to acquire up to 10% of FLUID tokens through secondary markets and OTC transactions, with the relevant tokens not coming from the DAO treasury or team allocation. Meanwhile, the Fluid Foundation will provide 5% of FLUID tokens to be held in custody by compliant private banks and institutional digital asset custodians in Switzerland, the EU, Hong Kong, and Singapore, with a lock-up period of at least four years until 2030. As part of the partnership, AGI3 will grant 2% equity to the Fluid Foundation, also subject to a four-year lock-up period.

This partnership will center around AGI3 Markets, a permissioned DeFi platform for institutions. Equipped with KYC/AML verification mechanisms, the platform supports lending and trading of real-world assets such as tokenized private credit, government bonds, commodities, stocks, and corporate bonds. The two parties agreed that protocol revenue and incentive budget generated by AGI3 Markets will be split 50:50.