MakerDAO’s new investment plan attracts attention from top issuers
MakerDAO’s $1 billion Treasury investment plan has attracted the attention of BlackRock tokenization fund BUIDL, real-world asset protocol Ondo and asset management company Superstate. The capital allocation competition will open next month and is expected to significantly boost the growth of the $1.8 billion U.S. Treasury tokenization market. This plan means a major change in MakerDAO’s reserve strategy, which is also part of founder Rune Christensen’s endgame plan.
(The founder of MakerDAO announces a five-phase plan for the "Endgame Plan"! Issue new stablecoins and governance tokens, completely abandoning US users)
Various RWA agreements have stated that they will strive for them with all their strength
RWA issuers including BlackRock’s BUIDL, Ondo Finance and Superstate have said they will apply for the investment.
Carlos Domingo, CEO of BUIDL partner Securitize, said in an interview with the media: "We think this is a very good strategy for MakerDAO, and we are very happy to participate with BlackRock's BUIDL."
(BlackRock launches tokenized fund BUIDL on Ethereum and strategically invests in Securitize)
The adoption of RWAs is growing. We're excited at the opportunity to participate in @MakerDAO's initiative and bring our high-quality, real-world assets to the network and its users.Per @CoinDesk: "Ondo Finance (ONDO), the $550 million RWA platform, also plans to participate.… https://t.co/ABPP5A8kFr
— Ondo Finance (@OndoFinance) July 12, 2024
Robert Leshner, founder of veteran lending protocol Compound and Superstate, said: “Superstate’s USTB (U.S. Short-Term Bond Fund) is an ideal partner for MakerDAO, and we are pleased that MakerDAO has created a transparent process that allows us to introduce USTB to the community. "
"Superstate's USTB is an ideal partner for MakerDAO," @rleshner, founder of @superstatefunds, told CoinDesk. "We're excited that MakerDAO is creating an open process where we can introduce USTB to the community." https://t.co/xiHDNVwj6R
— Reid MacInnes Cuming (@rmcuming) July 12, 2024
The market value of RWA will directly increase by 55%, and MKR will rise after hearing the news
According to the on-chain information platform RWA.xyz, the current size of the tokenized U.S. bond market has reached US$1.86 billion, of which BUIDL has the largest asset size. If MakerDAO’s $1 billion plan is completed, it will directly bring 55% growth to the entire RWA market. MakerDAO token MKR even rose 5% after hearing the news.
This article MakerDAO announces a US$1 billion investment plan, attracting RWA issuers to rush to participate. First appeared on Chain News ABMedia.
