According to BlockBeats, MakerDAO announced on Thursday its plan to invest $1 billion of its reserves into tokenized US Treasury products. This initiative will involve top participants in the field, including BlackRock's BUIDL, Superstate, and Ondo Finance, who have expressed their active involvement in the plan.
The move signifies a significant shift in MakerDAO's reserve strategy. The protocol has been a leader in the trend of integrating real-world assets (RWA) into the cryptocurrency space. Part of this strategy includes supporting its decentralized stablecoins with US government bonds and notes held off-chain by various partners.
