Arbitrum to allocate 35 million ARBs for RWA development program

Snapshot shows that the Arbitrum RWA Development Program nominated six projects for which it proposes to allocate 35 million ARBs: Securitize BUIDL 56 (11 million), Ondo USDY 22 (6 million), Superstate USTB 24 (6 million), Mountain USDM 15 (4m), OpenEden TBill 15 (4m) and Backed Finance bIB01 17 (4m). It was noted that the plan, proposed in April 2023, aims to diversify Arbitrum's finances by 1% per year through the growth of the RWA ecosystem. The current proposal has a 76.8% opposition rate and will close on July 11th.