<\/p>\n
Arbitrum\u2019s STEP Committee plans to invest 1% of DAO treasury assets into real-world asset products every year.<\/p>\n
The Arbitrum DAO is readying to invest 35 million ARB into on-chain real-world asset (RWA) products.<\/p>\n
On June 23, Arbitrum\u2019s Stable Treasury Endowment Program (STEP) Committee announced<\/a> it has decided on six RWA products to diversify treasury assets after compiling a shortlist<\/a> of 17 projects.<\/p>\n \u201cTo not spread the amount too thinly and increase operational or default risk causing loss of principle, we selected only six products from the shortlist of 17 shared earlier,\u201d the STEP Committee said.\u201c<\/p>\n The STEP Committee plans to invest 11 million ARB intoBlackRock\u2019s BUIDL<\/a> via Securitize, 6 million ARB into bothOndo\u2019s USDY<\/a> and Superstate\u2019s USTB, and 4 million ARB into Mountain\u2019s USDM, OpenEden\u2019s TBill, and Backed Finance\u2019s blB01. STEP said that the size of allocations were determined based on the assets under management (AUM) commanded by each project.<\/p>\n Community members can comment on the STEP Committee\u2019s proposed plan for roughly 10 days leading up to the publication of a formal snapshot governance vote.<\/p>\n The price of ARB<\/a> is up 6.47% in the past 24 hours to last change hands for $0.829, according to The Defiant’scrypto price feeds<\/a>.<\/p>\n The committee noted that it plans to diversify 1% of Arbitrum\u2019s Treasury into RWAs each year.<\/p>\n The announcement added that the committee ruled out making investments in projects that use their own proprietary blockchain, projects that hire fund managers without prior experience, projects with redemption delays spanning multiple weeks or more, and projects asking fees that aren’t competitive with the broader markets.<\/p>\n The news is the latest sign of the increasing adoption<\/a> of on-chain RWAs. The market cap of on-chains securities has grown 121% to $1.72 billion<\/a> in 2024, according to Rwa.xyz.<\/p>\n The STEP Committee advocated for expanding the spectrum of support for RWAs beyond simply adding to the AUM of products, including \u201csubsidizing obtaining Moody ratings.\u201d<\/p>\nOn-chain RWA growth<\/h2>\n