Entropy Advisors’ Matthew Fiebach described the participation of major financial institutions in ArbitrumDAO’s STEP 2 program as a historic milestone for the crypto industry’s integration with traditional finance.

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Having organizations like Blackrock, Franklin Templeton, Spiko, and Wisdom Tree interacting with a DAO publicly in a forum is an unbelievable accomplishment for the whole crypto space,” Matthew Fiebach, co-founder of Arbitrum DAO strategic consultants Entropy Advisors, said.

Entropy Advisors submitted the proposal on behalf of the committee.