PANews May 8 news, according to The Block, the Arbitrum community has decided through on-chain voting to allocate approximately $11.6 million worth of 35 million ARB tokens for investment in tokenized U.S. Treasury bonds. The funds will be distributed among tokenized bond products issued by Franklin Templeton, Spiko, and WisdomTree. The voting started on May 1 and was ultimately passed with nearly 89% support. A professionally elected committee from the community evaluated over 50 proposals based on multiple criteria, including management fees, fund size, and risk control, and ultimately selected these three institutions. The head of Franklin Templeton's digital asset business stated that this collaboration will leverage the technological advantages of the Arbitrum Layer 2 network to provide efficient financial services to clients. The advisory agency of the Arbitrum community believes this is an important milestone for deep cooperation between the cryptocurrency sector and traditional financial institutions. According to the plan, unselected applicants will have the opportunity to participate in the next round of fund allocation.
