According to Odaily Planet Daily, the Arbitrum STEP Committee initiated a proposal discussion on the official governance forum to inject DAO treasury funds into the RWA field. In order to avoid excessive dispersion of 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 every 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. The snapshot vote for the proposal is scheduled for Monday, July 1, and a comment period of about 10 days will be reserved.
