ArbitrumDAO Taps 3 Firms for STEP 2 to Grow On-Chain RWA

The Arbitrum Foundation today announces that the ArbitrumDAO has confirmed the next phase of its Stable Treasury Endowment Program (STEP), allocating 35 million $ARB to tokenized U.S. treasury products through leading institutional issuers Franklin Templeton, Spiko and WisdomTree. Launched in July 2024, STEP is the first ArbitrumDAO-driven initiative to deploy treasury capital into tokenized real-world assets at scale. The initial tranche of over $30 million has already generated nearly $700,000 in passive yield for the DAO while advancing the on-chain...

Rupertus Rothenhaeuser Joins BitMEX as Chief Commercial Officer

Crypto exchange BitMEX is pleased to welcome Rupertus Rothenhaeuser as its new Chief Commercial Officer (CCO). As CCO, Rupertus will spearhead BitMEX’s ‘Beyond Derivatives’ plan to expand into spot, brokerage, custody, information products, and establish BitMEX Academy. In particular he is responsible for developing the exchange’s global client relationships, overseeing the commercial success of its expanding range of products, and growing BitMEX’s market share in the hyper-competitive crypto space. Reporting directly to BitMEX’s CEO, Alexander Höptner, Rupertus...

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