Ondo

Arbitrum

Million

<ul class="news-points">
 <li>Arbitrum Endowment Committee recommends six RWA products, investing 35 million ARB to diversify and stabilize its treasury.</li>
 <li>Largest allocation of 11 million ARB to BlackRock’s BUIDL Fund, with significant parts to Ondo Finance and Superstate’s funds.</li>
 <li>Total value of tokenized treasury product tokens has doubled since year start, reaching $1.72 billion in current valuation.</li>
</ul>
The Arbitrum Endowment Committee is bridging traditional and decentralized finance <a href="https://unchainedcrypto.com/arbitrum-endowment-committee-recommends-six-real-world-asset-products-including-blackrocks-buidl-fund/" target="_blank" rel="noopener noreferrer nofollow">with a proposed $27 million investment</a> across six real-world asset (RWA) products to diversify its DAO treasury.
This announcement was amped up by Ondo Finance through X (formerly Twitter), highlighting the allocation of over 17% of these assets into their US Dollar Yield Token (USDY) while noting they are currently unavailable in the U.S. market because of the regulatory restrictions.
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
 <div class="wp-block-embed__wrapper">
 <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f4f0.png" alt="📰" class="wp-smiley" style="height: 1em; max-height: 1em;"> <a href="https://twitter.com/Unchained_pod?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">@Unchained_pod</a> reports on the recent proposal to diversify <a href="https://twitter.com/arbitrum?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">@arbitrum</a> DAO treasury assets into yield-bearing assets, with over 17% set to be allocated to <a href="https://twitter.com/search?q=%24USDY&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">$USDY</a>.<a href="https://t.co/halQESJiya" target="_blank" rel="noopener noreferrer nofollow">https://t.co/halQESJiya</a> <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f6ab.png" alt="🚫" class="wp-smiley" style="height: 1em; max-height: 1em;"> NOTE: USDY is not, and may not be, offered, sold, or otherwise made available in the US… <a href="https://t.co/3gQfjqb9qQ" target="_blank" rel="noopener noreferrer nofollow">https://t.co/3gQfjqb9qQ</a>— Ondo Finance (@OndoFin…
 </blockquote>
 </div>
</figure>
The post <a href="https://coinedition.com/arbitrum-diversifies-27-million-treasury-with-ondo-backed-real-world-assets/" rel="noopener noreferrer nofollow">Arbitrum Diversifies $27 Million Treasury with Ondo-Backed Real-World Assets</a> appeared first on <a href="https://coinedition.com" rel="noopener noreferrer nofollow">Coin Edition</a>.

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

Coin Edition

Інші статті, опубліковані 25 черв. 2024 р.

Top Meme Coins WIF, PEPE, BONK Rallying: Details

Just-In: Standard Chartered-Backed Zodia Custody Partners 21Shares for Crypto ETP

5 Best Crypto For Long Term For 20X Returns : Which best New Crypto Coin will Skyrocket in 2024?

Mummy Tate Memecoin to Surge Another 11,000% After Hitting $152,000 Market Cap, Looks to Challeng...

Binance CEO Richard Teng Bullish on Bitcoin Despite Recent Price Drop: Here’s Why

Margex: Comprehensive Guide to Crypto Trading

Приєднуйтеся до нашої безкоштовної розсилки для отримання щоденних оновлень щодо крипто!