Arbitrum DAO announced that it will allocate 35 million $ARB in Franklin Templeton and other three RWA tokenized treasury bonds

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ABMedia
18 hours ago
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Recently, Ethereum Layer2 Arbitrum announced that its governance organization, Arbitrum DAO, will allocate 35 million $ARB to tokenized U.S. Treasury bonds. It is understood that these will be invested in Franklin Templeton's $BENJI, Spiko's $USTBL, and WisdomTree's $WTGXX. Arbitrum describes this as an important day for RWA, and the proposal will accelerate institutional RWA adoption. According to understanding, Arbitrum DAO selected these three from over 50 TradFi and RWA applicants. The 35 million $ARB will be allocated as follows: - WisdomTree (WTGXX) 30% - Spiko (USTBL) 35% - Franklin Templeton (BENJI) 35% The STEP (Stable Treasury Endowment Program) is an Arbitrum DAO initiative to diversify its funds into RWA. Since its launch over 6 months ago, the DAO has generated over $650,000 in revenue. Franklin Templeton is a traditional U.S. financial giant with Assets Under Management (AUM) of $1.53 trillion. In recent years, Franklin Templeton has actively embraced blockchain technology, launching the Benji platform focused on tokenized and digital asset strategies, becoming a pioneer among traditional financial institutions in the blockchain field. WisdomTree is a global ETF and ETP asset management company focusing on innovative investment products. The company has been actively exploring blockchain technology, launching the WisdomTree Connect platform that combines traditional finance with decentralized finance, offering investment opportunities in real-world assets (RWA). It is understood that all three products involve tokenizing U.S. Treasury bonds. Risk Warning: Cryptocurrency investments carry high risk, with potentially significant price volatility. You may lose your entire principal. Please carefully assess the risks.

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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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