- Pi Network is upgrading to protocol v23 with enhanced KYC features and Linux Node support is now available.
- Valour Pi ETP started trading on Sweden’s Spotlight Stock Market at approximately $0.35 USD.
- The upgrades prepare Pi Network for potential major exchange listings and broader institutional adoption.
Pi Network has announced its roadmap for upgrading from protocol version 19 to version 23. The blockchain platform simultaneously released its Linux Node version and celebrated the debut of Valour Pi ETP trading on Sweden’s Spotlight Stock Market.
The comprehensive upgrade introduces enhanced KYC integration directly into the blockchain infrastructure. Market data indicate that the ETP is trading at an average of $0.3455 (USD equivalent), marking a significant milestone for regulated Pi Network exposure.
Protocol v23 Introduces Embedded KYC Authority
This week, the Pi Core Team outlined a phased rollout strategy beginning with Testnet1 upgrades. The implementation will progress through Testnet2 before reaching Mainnet deployment. Brief outages may impact centralized exchanges and blockchain services during the transition period.
The upgrade incorporates the ability to embed KYC authority directly into the blockchain. This enhancement aligns with emerging industry standards, particularly ERC-3643, which enables identity verification integration within token frameworks. The move reflects broader blockchain industry trends toward regulatory compliance and standardized verification processes.
Pi Network benefits from its foundation on Stellar’s infrastructure, which was recently upgraded to protocol version 23. This synchronization ensures compatibility and leverages proven blockchain technology for enhanced performance and security.
The network expanded its technical capabilities with the long-awaited Linux Node release. This addition provides developers with standardized deployment options across Mac, Windows, and Linux operating systems. Service providers and exchanges can now implement streamlined integration without custom builds.
The Linux Node enables automatic updates directly from the network, reducing maintenance requirements and ensuring consistent protocol synchronization. This standardized approach eliminates barriers for developers and facilitates smoother protocol transitions.
Valour Pi ETP Begins Trading on Swedish Markets
The new Pi ETP gives investors regulated, exchange-traded exposure to the Pi Network token through traditional brokerage accounts. The products have a 1.9% management fee and will trade in Swedish kronor. European investors can now participate in the Pi ecosystem without direct cryptocurrency exchange interaction.
PiDeFi Technologies subsidiary Valour issued the product alongside seven other offerings. The regulated structure addresses European market demand for compliant cryptocurrency investment vehicles while providing mainstream accessibility.
The ETP launch demonstrates institutional confidence in alternative digital asset exposure methods. Traditional brokerage account access removes technical barriers for conventional investors seeking Pi Network exposure.
Recent network activity includes Pi Foundation wallet transfers totaling 550 million PI tokens across multiple large transactions. Industry observers speculate these movements relate to potential migration preparations or exchange listing activities, though official confirmation remains unavailable.
Speculation surrounds potential major exchange listings, with past Pi Hackathon winners suggesting possible Coinbase integration. These unverified claims have generated excitement among network participants, though no official announcements have been made.
The protocol upgrade and ETP introduction strengthen Pi Network’s infrastructure while expanding accessibility through traditional financial channels. These developments position the network for broader institutional adoption and mainstream market participation.
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