TechFlow news, May 8 — According to The Block, the Arbitrum DAO has approved the next phase of its Stable Treasury Endowment Program (STEP) via on-chain voting, allocating 35 million ARB (approximately $11.6 million) into tokenized U.S. Treasuries. The funds will be distributed to Franklin Templeton’s FOBXX (tokenized as BENJI, 35%), Spiko’s USTBL (35%), and WisdomTree’s WTGXX (30%).
The STEP initiative, launched in July 2024, aims to build a composable and sustainable yield-generating treasury for Arbitrum by investing in tokenized real-world assets (RWA).




