CoinVoice recently learned that according to CoinDesk, the crypto lending platform MakerDAO is planning to invest its $1 billion reserve in tokenized U.S. Treasury products. Many industry participants, including BlackRock's BUIDL, Superstate and Ondo Finance, have a positive attitude towards this.
“We think this is a great move by MakerDAO and we are excited to be participating in this effort alongside BlackRock’s BUIDL,” said Carlos Domingo, CEO of tokenization platform Securitize, BlackRock’s issuance partner.
MakerDAO’s plan is understood to represent a major adjustment to its reserve strategy, with the protocol leading the real-world asset (RWA) trend for cryptocurrencies, with its decentralized stablecoins partially backed by U.S. government bonds and notes held off-chain with a range of partners. [Original link]
