ArbitrumDAO partners with Major Financial Firms for Tokenized Treasury offerings
ArbitrumDAO has chosen Franklin Templeton,Spiko,and WisdomTree as partners for its next phase of the Stable Treasury Endowment Program (STEP). The DAO will allocate 35 million ARB tokens to their U.S. Treasury offerings.
After reviewing over 50 applicants, the DAO decided on the following allocations:
- 35% to Franklin Templeton’s FOBXX (tokenized as BENJI)
- 35% to Spiko’s USTBL
- 30% to WisdomTree’s WTGXX
STEP aims to diversify ArbitrumDAO’s treasury into real-world assets (RWAs). The initial investment of over $30 million has already generated about $700,000 in yield from products like BlackRock’s BUIDL and Ondo’s USDY.
Matthew Fiebach,Co-Founder of Entropy Advisors,praised the collaboration,saying it’s a important achievement for the crypto space. Each selected issuer offers regulated exposure to short-term U.S. Treasuries,ensuring on-chain liquidity and security for the DAO’s reserves.
Spiko, a leading tokenization platform in Europe, has over $260 million in assets under management. Paul Adrien, CEO of Spiko, aims to build the top treasury management fintech on Arbitrum.
ArbitrumDAO has deployed more than $45 million across eight issuers, with over $240 million in RWAs live on Arbitrum-powered platforms. This marks a 50x increase from last year.
Roger Bayston, Head of Digital Assets at franklin Templeton, highlighted the benefits of Arbitrum’s Layer 2 technology, which offers faster, more scalable, and cost-efficient solutions. The STEP program is also exploring diversification into new asset classes like early-stage ventures and commodities.
