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...