According to Deep Tide TechFlow, on May 8, The Block reported that the Arbitrum DAO has approved the next phase of its Stable Treasury Donation Plan (STEP) through on-chain voting, allocating 35 million ARB (approximately 11.6 million USD) to tokenized U.S. Treasury bonds. The funds will be invested in Franklin Templeton's FOBXX (tokenized as BENJI, accounting for 35%), Spiko's USTBL (accounting for 35%), and WisdomTree's WTGXX (accounting for 30%).
It is reported that the STEP project will start in July 2024, aiming to create a composable and sustainable yield-generating treasury for Arbitrum by investing in tokenized real-world assets (RWA).
