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Arbitrum DAO Proposes $27M Investment in Real-World Asset Products to Diversify Treasury

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Release: 2024-06-25 21:01:34
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TheArbitrumEndowmentCommitteeisembarkingonanexcitingjourneytoconnecttherealmsoftraditionalfinanceanddecentralizedfinance(DeFi).Inaboldmove,theyaresuggestingasubstantial$27 million**investmentinsix**real-world**assets(RWA)products

Arbitrum DAO Proposes M Investment in Real-World Asset Products to Diversify Treasury

Arbitrum’s **DAO** is venturing into the realm of traditional finance by proposing a **$27 million investment in six real-world assets (RWA) products to diversify their DAO treasury. Unchained Podcast highlighted the recent proposal by Arbitrum’s Endowment Committee to allocate a portion of the DAO treasury into yield-bearing assets, with over 17% set to be allocated to USD stablecoin. However, it's important to note that USDY is not, and may not be, offered, sold, or otherwise made available in the US. This and other legal restrictions may apply to USDY's resale and any other transfer.

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source:kdj.com
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