Arbitrum DAO Allocates $15.5 Million to Real-world Assets Investments
Arbitrum DAO is expanding its investments in Real-world Assets (RWA) with a commitment of $15.5 million, following community approval. The protocol will allocate 35 million ARB into stable assets.
Key Developments
- ARB token price: $0.4516, down 6.06%
- STEP program previously allocated 35 million ARB to six products in June 2024
- STEP aims to invest 1% of the Arbitrum DAO treasury into tokenized RWAs for diversification and yield generation
- Total RWA investments now reach 85 million ARB, valued at approximately $38.25 million
- STEP has generated $450K in interest for the DAO so far
- BlackRock and Franklin Templeton are key contributors to RWA initiatives on Arbitrum
- The RWA market value on Arbitrum has increased from $100,000 to around $70 million this year
Other Tokenization Initiatives
Plume Network partnered with Mercado Bitcoin to tokenize $40 million in assets, including asset-backed securities and corporate debt. This initiative aims to provide funding opportunities for small and medium enterprises in Brazil while offering global investors access to diversified assets.