ArbitrumDAO approved an allocation of 35 million ARB tokens worth around $11.6 million at current prices to tokenized U.S. Treasurys under the STEP 2 program.

Event date

May 8, 2025

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The Arbitrum Foundation announced Thursday that the Arbitrum DAO has approved the next phase of its Stable Treasury Endowment Program (STEP), following an onchain vote.

The program will allocate 35 million ARB, worth around $11.6 million at current prices, to tokenized U.S. Treasurys through leading institutional issuers Franklin Templeton, Spiko, and WisdomTree.

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Week 19 of 2025