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Arbitrum to Allocate 35 million ARBs for RWA Development Program

According to Snapshot, the Arbitrum RWA development plan has nominated six projects for allocation of 35 million ARBs, namely Securitize BUIDL 56 (11 million), Ondo USDY 22 (6 million), Superstate USTB 24 (6 million), Mountain USDM 15 (4 million), OpenEden TBill 15 (4 million) and Backed Finance bIB01 17 (4 million). It is reported that the plan was proposed in April 2023 and aims to achieve financial diversification of Arbitrum by 1% per year through the growth of the RWA ecosystem. The current proposal has a high opposition rate of 76.8% and will close on July 11.