MakerDAO said Thursday that it plans to invest $1 billion of its reserves in tokenized U.S. Treasury products. Top players in the space, including BlackRock's BUIDL, Superstate and Ondo Finance, said they would actively participate in the plan.
According to reports, MakerDAO's plans signify a major shift in its reserve strategy, with the protocol leading the real-world asset (RWA) trend for cryptocurrencies, in part backing its decentralized stablecoins, which are backed by a range of partners' off-chain holdings of U.S. government bonds and notes.
BlackRock, BUIDL, Ondo and other issuers are interested in participating in MakerDAO's $1 billion Treasury Tokenization Program
2024-07-12 16:56:58
Makerdao said Thursday plans reserves $1 billion investment in tokenizationdesk3cryptocurrencydesktopCrypto News
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