Arbitrum plans to allocate 35 million ARB to invest in RWA

According to TechFlow, the Arbitrum (STEP) Committee proposed to invest 35 million ARBs into RWA, as follows:

• ARB 11 million invested in BlackRock’s BUIDL through Securitize;

• Invest ARB 6 million each in Ondo USDY and Superstate USTB;

• Invest 4 million ARB in Mountain USDM, OpenEden TBil and Backed Finance blB01 respectively.