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Arbitrum DAO approved a 35 million ARB ($11.6M) allocation to tokenized U.S. Treasurys.
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Funds will be split among Franklin Templeton, Spiko, and WisdomTree products.
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89% of DAO voters supported the initiative under the STEP 2 program.
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The DAO’s real-world asset exposure onchain has grown 50x over the past year.
New Phase of the STEP Program
The Arbitrum DAO has greenlit the next phase of its Stable Treasury Endowment Program (STEP), allocating $11.6 million worth of ARB tokens to tokenized U.S. Treasury products from Franklin Templeton (BENJI), Spiko (USTBL), and WisdomTree (WTGXX).
How the Allocation Works
The DAO will distribute the funds as follows: 35% each to Franklin Templeton and Spiko, and 30% to WisdomTree. These were selected from over 50 submissions in a competitive RFP process managed by a community-elected committee.
TradFi Comes Onchain
This is another step in Arbitrum's broader strategy to integrate traditional finance with crypto. Franklin Templeton and others praised the collaboration as a major innovation in blockchain-based financial infrastructure.
Massive Growth in Tokenized Treasurys
Arbitrum’s real-world asset exposure has surged to over $240 million, up 50x from a year ago. Meanwhile, the broader tokenized Treasurys market has grown to $6.8 billion, with BlackRock leading and Franklin Templeton close behind.
