According to Foresight News, the Arbitrum Stable Treasury Endowment Program (STEP) committee proposed to invest 35 million ARB in RWA. Specifically, it is proposed to invest 11 million ARB in BlackRock's BUIDL through Securitize, 6 million ARB in Ondo USDY and Superstate USTB respectively, and 4 million ARB in Mountain USDM, OpenEden TBill and Backed Finance blB01 respectively.
STEP said the allocation size is determined based on each project’s assets under management (AUM), and plans to invest 1% of Arbitrum’s treasury into RWAs annually. On July 1, the STEP committee will publish its proposal on Snapshot.
