Arbitrum DAO has approved the use of 35 million ARB to tokenize US Treasury Bonds

BlockBeats News, May 8th, according to TheBlock, the Arbitrum DAO has approved through on-chain voting the allocation of 35 million ARB tokens (approximately $11.6 million) to three institutional tokenized US Treasury bond products. 35% will be allocated to Franklin Templeton's FOBXX (token code BENJI); 35% will go to Spiko's USTBL; and 30% will go to WisdomTree's WTGXX.