Fluid Foundation and AGI3 Group published a governance proposal seeking to form a strategic partnership to build a permissioned instance of the Fluid protocol coined AGI3 Markets. The instance is designed for institutional capital allocators, including sovereign wealth funds, private banks, family offices, and asset managers.

AGI3 is a part of Kinetic Group, a multi-billion-dollar UAE-based asset manager regulated by the Dubai Financial Services Authority. Fluid founder Samyak Jain says they have been working on this initiative in stealth for the past year. AGI3 Markets would cover money markets, DEX trading, perpetuals, and RWA lending and borrowing, all with permissioned KYC/AML at the liquidator, borrower, and trader level, akin to Aave's Horizon RWA market.

Target RWA categories include private credit, tokenized treasuries, commodities, public equities, and corporate bonds. According to the proposal, AKinetic Group plans to acquire up to 10% of the FLUID token supply through open-market buys and OTC deals.

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