Arbitrum STEP Committee initiates discussion on proposal to inject 35 million ARB into RWA ecosystem

Odaily News The official governance forum shows that the Arbitrum STEP committee initiated a discussion on the proposal to inject DAO treasury funds into the RWA field. The proposal pointed out that in order not to over-diversify 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 treasury funds by 1% each year through the growth of the RWA ecosystem. The selected applicants and the allocation amount (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 on the proposal is scheduled for July 1 (Monday), and a comment period of about 10 days will be reserved.