On Thursday, MakerDAO announced an open competition to invest $1 billion in tokenized U.S. Treasury offerings. 🎉🎉

Major issuers BlackRock-Securitize, Ondo Finance and Superstate have told CoinDesk they plan to apply. 🚀

MakerDAO's plan requires a significant realignment of the protocol's reserve strategy. This allows the protocol, one of the first players in the decentralized finance (DeFi) space, to enter the next era under founder Rune Christensen's Endgame Plan. 🎯

The investment will be financed by redirecting $500-500 million of reserves from vaults managed by Monetalis Clydesdale and Andromeda BlockTower. 🏦

MakerDAO's investment will be a major boost to tokenized real-world asset protocols due to its size. 🌐

These products are attractive to protocol treasury transactions as a low-risk vehicle through which they can park their blockchain-based cash and earn a stable return without leaving the blockchain ecosystem. 💰

This is not the first such action. Ethereum layer-2 Arbitrum's ecosystem development organization, ArbitrumDAO, on Thursday concluded STEP, a similar competition to allocate the equivalent of 35 million Arbitrum's native tokens to tokenized offerings. 🏁

Share your ideas in the comments! 😊#DeFi#Web3