The Arbitrum DAO proposal to allocate 35 million ARB for investment in RWA has been approved

ChainCatcher news, Arbitrum DAO announced that the community has approved the allocation of 35 million ARB to various stable assets, with a total investment value of approximately 15.5 million USD.

These funds come from the project's Stable Treasury Endowment Program (STEP), which previously allocated 35 million ARB to investments in six products in June 2024.

It is understood that STEP is a program designed to invest 1% of Arbitrum DAO's funds in tokenized RWA, aimed at diversifying DAO funds while leveraging industry growth to generate returns.

The latest allocation is part of Arbitrum DAO STEP 2.0 program. Combined with the 35 million ARB from STEP 1.0 and the 15 million ARB managed by the treasury, the total investment in RWA reaches 85 million ARB. Arbitrum DAO claims that this investment is currently one of the largest investments by the DAO.