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Arbitrum DAO Approves $11.6 Million Allocation of 35 Million ARB Tokens to Institutional Tokenized US Treasury Bonds
By: en coinotag|2025/05/08 21:30:02
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In a significant move within the decentralized finance sector, the Arbitrum DAO successfully conducted an on-chain vote, sanctioning the allocation of 35 million ARB tokens , valued at approximately $11.6 million , towards three notable tokenized US Treasury bond products. Of this allocation, 35% will be directed to Franklin Templeton’s FOBXX (token code BENJI ), while another 35% will benefit Spiko’s USTBL . The final 30% is earmarked for WisdomTree’s WTGXX , a strategic diversification aimed at enhancing liquidity and stability within the crypto ecosystem. This initiative underscores the growing intersection between traditional finance and the burgeoning decentralized asset space, signaling a pivotal shift towards institutional adoption in the cryptocurrency landscape.
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