The company announced that it is winding down the Lisk Chain and Lisk DAO while launching a new platform designed to bring business accounts, payments and financial approvals into a single workspace.
Blockchain project Lisk is undergoing a major strategic transformation, moving away from its existing blockchain and decentralised autonomous organisation (DAO) operations to focus on building a financial operations platform for businesses operating across multiple countries and currencies.
The company announced that it is winding down the Lisk Chain and Lisk DAO while launching a new platform designed to bring business accounts, payments and financial approvals into a single workspace.
Lisk said the pivot follows years of working with founders whose businesses operate across borders and entities. According to the company, these businesses frequently encounter fragmented financial infrastructure, including difficulties opening and maintaining bank accounts, blocked transfers, compliance challenges and the separation of fiat and stablecoin balances across different platforms.
The company said its own finance team experienced similar challenges while managing multiple entities, closing accounts, coordinating approvals across time zones and maintaining financial records. After developing internal workarounds, Lisk concluded that existing financial tools were not adequately designed for modern businesses operating across jurisdictions and payment rails.
The new Lisk is positioned as a money operations platform for finance teams, combining accounts, payments and approvals across entities, jurisdictions, fiat currencies and stablecoins.
The platform is initially being offered through an Early Access programme for qualified businesses. Lisk said users will be able to receive bank transfers through virtual accounts, accept stablecoin deposits and make payments to external bank accounts from the same workspace.
The platform will also incorporate roles, permissions and approval policies, with transactions and actions linked to individual users. Lisk said this is intended to give finance teams greater control and visibility over how money moves within their organisations.
The company is also building multi-rail functionality that allows fiat and stablecoins to operate within the same workspace. Lisk said it is working with regulated financial service providers, including Bridge, a Stripe company, to support these capabilities.
Additional features planned for the platform include corporate cards, non-custodial treasury management tools and payroll integrations.
The strategic shift will, however, bring an end to Lisk’s current blockchain operations. The company said the Lisk Chain will shut down on October 31, 2026.
Lisk is working with the Celo Core Co. team to provide migration options for developers, decentralised applications and other projects currently operating on the Lisk Chain. The company said the migration is open to projects interested in moving to the Celo network, with resources being provided to support redeployment and integration.
Until the October 31 shutdown date, Lisk said the Chain will remain operational and its underlying infrastructure will continue to be supported.
The company is also proposing to wind down the Lisk DAO as part of the broader transition. Among the proposed changes is the burning of 100 million LSK from the DAO treasury, which would reduce the total token supply from 400 million to 300 million.
The proposal would also make LSK staking flexible, allowing holders to unstake without a penalty, although a three-day waiting period would continue to apply after unstaking. The DAO’s governance infrastructure, including its governance contracts and forum, would subsequently be wound down according to the proposed timeline.
Despite the closure of the Lisk Chain, the LSK token will continue to exist. Lisk said the token will take on a new role as a loyalty token for its business platform, with businesses expected to earn rewards for using the platform and referring other businesses.
For holders whose LSK is already on Ethereum or an exchange, the company said no action is required. However, holders with LSK on the Lisk Chain and those currently staking will need to move their tokens to Ethereum before the Chain shuts down. Lisk said the bridging process takes at least seven days.
The company said Base will become LSK’s primary network alongside Ethereum as it transitions to its new business-focused model.
The pivot comes as stablecoins become increasingly relevant to business payments. Lisk cited estimates that B2B stablecoin payments reached $226 billion in 2025, highlighting the growing demand for financial infrastructure capable of handling both traditional and digital assets.
With the transition, Lisk is effectively moving from a blockchain infrastructure and DAO model to a business financial-management platform, seeking to apply the experience it gained over the past decade to the financial challenges faced by globally distributed companies.