Across Obtains $10MM Investment under Success Tokens at $200MM Valuation

Hack VC, Placeholder, and Blockchain Capital have invested $10MM in Across Protocol at a $200MM valuation through purchase of 50MM Across Success Tokens from Risk Labs.

Each success token matures on June 30, 2025 and returns 1 ACX (Across Protocol’s native token) along with the value of 1 call option on ACX struck at $0.50. This structure allows a venture investor to gain leveraged upside to ACX while protecting the Across DAO from selling tokens at an excessive discount on day one.

Foresight News Note: “Success Tokens” is a fundraising solution proposed by the synthetic asset protocol UMA, which allows funds to be raised without token discounts.


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