Arbitrum DAO is doubling down on its investment in real-world assets, approving a proposal to allocate more funds to the sector. On February 18, Arbitrum DAO announced that the community had approved an allocation of 35 million ARB across a variety of stable assets. At Arbitrum’s current price of around $0.44, the total investment is valued at around $15.5 million.
The funds come from the Stable Treasury Endowment Program, which previously allocated 35 million ARB to invest in six products in June 2024. STEP is an initiative aimed at investing 1% of Arbitrum DAO’s treasury in tokenized RWA. The program aims to diversify the DAO’s treasury while leveraging the sector’s growth to generate yield.
The latest allocation is part of Arbitrum DAO’s STEP 2.0 initiative. It is in addition to the 35 million ARB from STEP 1.0 and the 15 million ARB from the Treasury, bringing the total RWA investment to 85 million ARB. According to Arbitrum DAO, this investment is currently one of the largest investments in the DAO.
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