MakerDAO Invests $50 Mln in RWA and Plans to Invest $1.28 Bln

MakerDAO has added $50 mln in RWA assets through BlockTower Andromeda, with a primary investment in short-term U.S. Treasuries. The total RWA assets are approximately $2.514 bln, with BlockTower Andromeda holding $752 mln and targeting an investment of up to $1.28 bln.

The community also recommends $100 mln in funding to fund the development of tokenized U.S. Treasury bond (T-Bill) products, including collateralized Treasury bills, frictionless products, and long-term products. These products include Flux fDAI, Maple Cash USDC, Backed Finance bIB01 and bIBTA. The addition of RWA assets through BlockTower Andromeda and the potential development of tokenized T-Bill products could have a significant impact on the MakerDAO ecosystem and the broader cryptocurrency market.

Data from popular analytics platform Makerburn showed that MakerDAO purchased BlockTower Andromeda short-term Treasury bonds with an annual yield of 4.5%. Recently, the co-founder of MakerDAO reportedly proposed exploring a fork of the Solana codebase to develop a new independent blockchain, NewChain.

Image: Shrimpy Academy