Arbitrum DAO Allocates 35 Million ARB to Stable Assets

According to Odaily, Arbitrum DAO has announced that the community has approved the allocation of 35 million ARB tokens into various stable assets, with a total investment value of approximately $15.5 million. These funds are part of the project's Stable Treasury Donation Program (STEP), which had previously allocated 35 million ARB to investments in six products in June 2024. STEP is designed to invest 1% of Arbitrum DAO's funds into tokenized Real World Assets (RWA) to diversify DAO funds while leveraging industry growth for returns. The latest allocation is part of the Arbitrum DAO STEP 2.0 initiative. Combined with the 35 million ARB from STEP 1.0 and 15 million ARB managed by the treasury, the total RWA investment reaches 85 million ARB. Arbitrum DAO states that this investment is currently one of the largest for the DAO.