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Arbitrum Diversifies $27 Million Treasury with Ondo-Backed Real-World Assets

Published 25/06/2024, 07:38
Arbitrum Diversifies $27 Million Treasury with Ondo-Backed Real-World Assets
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  • Arbitrum Endowment Committee recommends six RWA products, investing 35 million ARB to diversify and stabilize its treasury.

  • Largest allocation of 11 million ARB to BlackRock’s BUIDL Fund, with significant parts to Ondo Finance and Superstate’s funds.

  • Total value of tokenized treasury product tokens has doubled since year start, reaching $1.72 billion in current valuation.

The Arbitrum Endowment Committee is bridging traditional and decentralized finance with a proposed $27 million investment across six real-world asset (RWA) products to diversify its DAO treasury.

This announcement was amped up by Ondo Finance through X (formerly Twitter), highlighting the allocation of over 17% of these assets into their US Dollar Yield Token (USDY) while noting they are currently unavailable in the U.S. market because of the regulatory restrictions.

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