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.