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Arbitrum B...
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Arbitrum Backs Tokenized Bonds with Major Treasury Allocation

  • Arbitrum has allocated 35 million ARB to three asset managers - Franklin Templeton, Spiko, and WisdomTree to back tokenized bonds through its STEP program.
  • The decision received strong support with nearly 89% voting in favor of the allocation, with Franklin and Spiko receiving 35% each and WisdomTree 30%.
  • The initiative aims to integrate traditional financial players into Arbitrum's ecosystem, with over $650,000 in passive interest generated through the program in six months.
  • Arbitrum's role as a bridge between decentralized networks and traditional asset management is solidified by this major treasury allocation.

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