BlackRock, BUIDL, Ondo and other issuers intend to participate in MakerDAO's $1 billion treasury tokenization plan

2024-07-13 01:46:51

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ChainCatcher news, according to CoinDesk, the crypto lending platform MakerDAO is planning to invest its reserves of $1 billion in tokenized U.S. Treasury products. Several industry participants, including BlackRock's BUIDL, Superstate, and Ondo Finance, have a positive attitude towards this.

Carlos Domingo, CEO of Securitize, the issuance partner of BlackRock, stated, "We believe MakerDAO's move is very good, and we are excited to participate with BlackRock's BUIDL."

It is reported that MakerDAO's plan signifies a significant adjustment to its reserve strategy, as the protocol has led the trend of real-world assets (RWA) in cryptocurrency, with its decentralized stablecoin portion supported by U.S. government bonds and notes held off-chain with a range of partners.

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