Lisk Chain to shut down on October 31 as project pivots to business finance

Lisk has announced a major overhaul that will see the project transition from a blockchain ecosystem into a financial platform designed to help businesses manage fiat and stablecoin operations.

The transition will come with the closure of the Lisk Chain on Oct. 31, 2026. Projects building on the Chain can migrate to Celo through a pathway developed with Celo Core Co.

Lisk is also proposing to wind down the Lisk DAO, including burning 100 million LSK from its treasury and reducing its total supply from 400 million to 300 million. Staking would become flexible, allowing holders to unstake without a penalty, subject to a three-day waiting period.

LSK will remain in circulation, but will take on a new role as the loyalty token of the Lisk platform. Businesses will be able to earn LSK through platform usage and referrals and eventually use it for fees. Base will become LSK’s primary network alongside Ethereum.

In a statement, Max Kordek, the founder of the decade-old crypto project, said the new platform was built after Lisk and other companies in its network repeatedly encountered difficulties managing banking relationships, cross-border payments, compliance, and separate fiat and stablecoin balances. The new Lisk aims to consolidate those functions into one workspace spanning accounts, payments and approvals across entities, jurisdictions and payment rails.

Early Access is now open to qualified businesses. The platform allows users to receive bank transfers through virtual accounts, accept stablecoins directly and send payments to external bank accounts, while applying approval policies and assigning every action to a named user. Lisk said future offerings will include corporate cards, non-custodial treasury tools and payroll integrations.