According to ChainCatcher, the official governance forum shows that the Arbitrum STEP Committee has initiated a discussion on the proposal to inject DAO treasury funds into the RWA field. The proposal points out that in order not to over-disperse funds and increase the risk of operation or default leading to principal loss, the committee selected 6 products from the previously shared list of 17 candidates. The specific amount of each provider is mostly based on the existing asset management scale.
The proposal proposes to diversify 1% of the treasury funds through RWA ecosystem growth each year. The selected applicants and allocation amounts (ARB) are as follows:
Securitize BUIDL - 11 million ARB;
Ondo USDY - 6 million ARB;
Superstate USTB - 6 million ARB;
Mountain USDM - 4 million ARB;
OpenEden TBill - 4 million ARB;
Backed Finance bIB01 - 4 million ARB.
A snapshot vote on the proposal is scheduled for Monday, July 1, with a comment period of approximately 10 days.