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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.
Authors credited by the source: Godfrey Benjamin
Published by Holder based on an external source.
