Arbitrum DAO announced that it will allocate 35 million $ARB to three RWA tokenized government bonds including Franklin Templeton.

Recently, Ethereum Layer 2 Arbitrum announced that its governance organization Arbitrum DAO will allocate 35 million $ARB to tokenize U.S. Treasury bonds. It is understood that the funds will be invested in Franklin Templeton's $BENJI, Spiko's $USTBL, and WisdomTree's $WTGXX. Arbitrum described this as an important day for RWA, stating that this proposal will accelerate RWA institutional adoption.

Three operators stood out from a team of more than fifty people.

According to reports, the Arbitrum DAO selected these three from a fierce competition among more than 50 TradFi and RWA applicants. This will be based on

WisdomTree (WTGXX) 30%

Spiko (USTBL) 35%

Franklin Templeton (BENJI) 35%

The proportion is used to allocate these 35 million $ARB. STEP ( Stable Treasury Endowment Program, a stable fund donation program ), is an initiative by Arbitrum DAO to diversify its funds into RWA. Since its launch over 6 months ago, the DAO has generated more than $650,000 in revenue.

Traditional asset management giants venture into blockchain

Franklin Templeton is a traditional financial giant in the United States, with an asset management scale of (AUM) reaching 1.53 trillion dollars. In recent years, Franklin Templeton has actively embraced blockchain technology, launching the Benji platform, focusing on tokenization of assets and digital asset strategies, becoming one of the pioneers of traditional financial institutions in the blockchain field.

WisdomTree is a global asset management company focused on innovative investment products such as exchange-traded funds ( ETF ) and exchange-traded products ( ETP ). In recent years, the company has actively explored blockchain technology and launched the WisdomTree Connect platform, which combines traditional finance with decentralized finance to provide investment opportunities in real-world assets ( RWA ). It is understood that all three products involve tokenizing U.S. Treasury bonds.

This article announces that Arbitrum DAO will allocate 35 million $ARB to three RWA tokenized government bonds, including Franklin Templeton, first appearing in Chain News ABMedia.