TechFlow reports that MakerDAO, the core development organization behind the DAI stablecoin, has completed purchases of over $700 million in U.S. Treasury bonds.
The organization initially bought $500 million in bonds back in October 2022, bringing its total bond holdings to $1.2 billion. MakerDAO's investment in bonds aims to increase exposure to low-risk, liquid traditional assets. The purchase was executed on behalf of MakerDAO by Monetalis Clydesdale Vault, a digital asset management firm spun out of the DeFi lending institution Monetalis Group.
Add to Favorites
Share to Social Media
