Arbitrum DAO's proposal to allocate 35 million ARB to RWA investment has been approved

Odaily News Arbitrum DAO announced that the community has approved the allocation of 35 million ARB into various stable assets, with a total investment value of approximately US$15.5 million.
The funds come from the project’s Stable Treasury Endowment Program (STEP), which previously allocated 35 million ARB to investments in six products in June 2024.
It is understood that STEP is an initiative that aims to invest 1% of Arbitrum DAO funds in tokenized RWAs, aiming to diversify DAO funds while leveraging industry growth to generate returns.
The latest allocation is part of Arbitrum DAO’s STEP 2.0 plan. Together with the 35 million ARB from STEP 1.0 and the 15 million ARB managed by the treasury, the total RWA investment has reached 85 million ARB. Arbitrum DAO said that this investment is currently one of the largest investments in the DAO.