Facilitating Chain Expansion in RWA: ArbitrumDAO Confirms Partnership with Franklin Templeton, Spiko, and WisdomTree for Phase 2
Title: ArbitrumDAO Ties Up with Major Institutions in New Treasury Diversification Strategy
IntroForge ahead into the realm of blockchain finance, as ArbitrumDAO, the Layer 2 powerhouse, announces its latest stride - partnering with Franklin Templeton, Spiko, and WisdomTree. This collaboration, within the ambit of its Stable Treasury Endowment Program (STEP 2), marks a new chapter in ArbitrumDAO's mission to strategically diversify its treasury into real-world assets (RWAs).
The Multibillion-Dollar PartnershipArbitrumDAO is doling out approx. $11.6 million in ARB tokens to these institutional titans, as they offer tokenized, regulated exposure to short-term U.S. Treasuries. The partnership seeks to provide ArbitrumDAO with both on-chain liquidity and compliance-aligned security for its treasury reserves.
The BreakdownAs part of this grand alliance, Franklin Templeton, Spiko, and WisdomTree will receive the following allocations:
- Franklin Templeton - 35% of the allocation will be allotted to its tokenized product, FOBXX (equivalently tokenized as BENJI).
- Spiko - Secures 35% of the allocation for Spiko’s USTBL.
- WisdomTree - Receives 30% of the allocation for WisdomTree’s WTGXX.
Rolling Out the Red CarpetThis partnership comes after an arduous selection process that sifted through over 50 competitive submissions. The collaboration symbolizes ArbitrumDAO's commitment to engaging with traditional financial institutions and expanding its footprint in the real-world asset sector.
The Road AheadThe Arbitrum network, currently boasting over $240 million in RWAs, is on a roll as it drives institutional adoption of RWAs. With over $45 million deployed across eight issuers, this venture paves the way for broader diversification across new asset classes, such as early-stage ventures, commodities, and credit strategies.
Parting WordsAs the ArbitrumDAO-led partnership unravels, the crypto landscape is inches closer to a future where traditional and decentralized finance coexist harmoniously, delivering innovation and growth like never before.
- ArbitrumDAO is launching a new strategy to diversify its treasury by partnering with institutions like Franklin Templeton, Spiko, and WisdomTree, tying up approximately $11.6 million worth of ARB tokens.
- Franklin Templeton, Spiko, and WisdomTree will each receive specific allocations as part of this collaboration. Franklin Templeton will receive 35% of the allocation for its tokenized product, FOBXX (equivalently tokenized as BENJI).
- Spiko secures 35% of the allocation for its USTBL, while WisdomTree receives 30% of the allocation for WisdomTree’s WTGXX.
- This partnership follows an intense selection process and underscores ArbitrumDAO's dedication to engaging traditional financial institutions and expanding its presence in the real-world asset sector.
- With over $240 million in real-world assets on the Arbitrum network and $45 million deployed across eight issuers, the project is fostering institutional adoption of real-world assets and paving the way for further diversification into new asset classes like early-stage ventures, commodities, and credit strategies.
- As the ArbitrumDAO-led partnership unfolds, the crypto landscape approaches a promising future where traditional and decentralized finance coexist, delivering innovation and growth like never before, thanks to groundbreaking technology.
