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Kinetic Group Drops $11.7M on FLUID Tokens in Push for Institutional DeFi

Guavy AI Editorial Team
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Kinetic Group, a UAE-based digital asset manager, has announced plans to purchase up to 10% of FLUID's total token supply on the open market for approximately $11.69 million at current prices.

The move is part of a broader strategic partnership between Kinetic Group's AGI3 platform and the Fluid Foundation aimed at expanding decentralized finance (DeFi) services for institutional investors.

The partnership will focus on developing DeFi infrastructure tailored to traditional financial institutions, including sovereign wealth funds, banks, family offices, and asset managers.

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