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Arbitrum Diversifies $27 Million Treasury with Ondo-Backed Real-World Assets


Июн., 25, 2024
< 1 мин. на чтение
от CoinEdition
Arbitrum Diversifies $27 Million Treasury with Ondo-Backed Real-World Assets
  • Arbitrum Endowment Committee recommends six RWA products, investing 35 million ARB to diversify and stabilize its treasury.
  • Largest allocation of 11 million ARB to BlackRock’s BUIDL Fund, with significant parts to Ondo Finance and Superstate’s funds.
  • Total value of tokenized treasury product tokens has doubled since year start, reaching $1.72 billion in current valuation.

The Arbitrum Endowment Committee is bridging traditional and decentralized finance with a proposed $27 million investment across six real-world asset (RWA) products to diversify its DAO treasury.

This announcement was amped up by Ondo Finance through X (formerly Twitter), highlighting the allocation of over 17% of these assets into their US Dollar Yield Token (USDY) while noting they are currently unavailable in the U.S. market because of the regulatory restrictions.

The post Arbitrum Diversifies $27 Million Treasury with Ondo-Backed Real-World Assets appeared first on Coin Edition.

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Wormhole’s NTT Powers ETHFI’s Multichain Transfer on Arbitrum

Wormhole’s NTT Powers ETHFI’s Multichain Transfer on Arbitrum

Ethereum’s ether.fi token (ETHFI) has expanded its native functionality to the Arbitr...
Июн., 28, 2024
< 1 мин. на чтение
от CoinEdition
Bolivian Central Bank Reverses Crypto Ban, Opens Door for Financial Innovation

Bolivian Central Bank Reverses Crypto Ban, Opens Door for Financial Innovation

Bolivia’s central bank has lifted a four-year ban on cryptocurrency use by financial ...
Июн., 28, 2024
< 1 мин. на чтение
от CoinEdition

Arbitrum Diversifies $27 Million Treasury with Ondo-Backed Real-World Assets


Июн., 25, 2024
< 1 мин. на чтение
от CoinEdition
Arbitrum Diversifies $27 Million Treasury with Ondo-Backed Real-World Assets
  • Arbitrum Endowment Committee recommends six RWA products, investing 35 million ARB to diversify and stabilize its treasury.
  • Largest allocation of 11 million ARB to BlackRock’s BUIDL Fund, with significant parts to Ondo Finance and Superstate’s funds.
  • Total value of tokenized treasury product tokens has doubled since year start, reaching $1.72 billion in current valuation.

The Arbitrum Endowment Committee is bridging traditional and decentralized finance with a proposed $27 million investment across six real-world asset (RWA) products to diversify its DAO treasury.

This announcement was amped up by Ondo Finance through X (formerly Twitter), highlighting the allocation of over 17% of these assets into their US Dollar Yield Token (USDY) while noting they are currently unavailable in the U.S. market because of the regulatory restrictions.

The post Arbitrum Diversifies $27 Million Treasury with Ondo-Backed Real-World Assets appeared first on Coin Edition.

Читать материал на CoinEdition

Читать больше

Wormhole’s NTT Powers ETHFI’s Multichain Transfer on Arbitrum

Wormhole’s NTT Powers ETHFI’s Multichain Transfer on Arbitrum

Ethereum’s ether.fi token (ETHFI) has expanded its native functionality to the Arbitr...
Июн., 28, 2024
< 1 мин. на чтение
от CoinEdition
Bolivian Central Bank Reverses Crypto Ban, Opens Door for Financial Innovation

Bolivian Central Bank Reverses Crypto Ban, Opens Door for Financial Innovation

Bolivia’s central bank has lifted a four-year ban on cryptocurrency use by financial ...
Июн., 28, 2024
< 1 мин. на чтение
от CoinEdition