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- 🎉 Gate US Stock Token Trading is Now Live! Spot, Futures, and Alpha Zone – All Open!
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📅 July 3, 7:00
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💬 What derivatives or other products have you recently traded
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Arbitrum DAO approved an investment of 35 million ARB in the tokenization of U.S. Treasury bonds, approximately 11.6 million dollars.
On May 8, according to The Block, Arbitrum DAO has approved the next phase of its Stable Treasury Donation Program (STEP) through on-chain voting, allocating 35 million ARB (about $11.6 million) to tokenized U.S. Treasury bonds. Funds will be invested in Franklin Templeton's FOBXX (tokenized as BENJI, 35%), Spiko's USTBL (35%), and WisdomTree's WTGXX (30%).
It is reported that the STEP project will be launched in July 2024, aiming to create a composable and sustainable yield treasury for Arbitrum by investing in the tokenization of real-world assets (RWA).