MakerDAO announced its Tokenized Treasury Investment Program to invest $1 billion in tokenized U.S. Treasury bonds, Coindesk reported.
This program was met with great interest. It was stated that leading issuers such as BlackRock, Ondo Finance and Superstate plan to participate in this investment program.
Speaking to Coindesk, Carlos Domingo, CEO of tokenization platform Securitize, BlackRock's issuance partner, said, “We think this is a very good move from MakerDAO and we are excited to join as Blackrock's BUIDL, the leading tokenized treasury As an issuer, we will definitely apply.” said.
MakerDAO's $1 billion investment program was announced at ETHCC in Brussels, Belgium, and it was stated that applications will open on August 12.
Ondo Finance (ONDO), a $550 million RWA platform, and Superstate also plan to participate in the Tokenized Treasury Investment Program.
After the news, MKR price started to rise.
*This is not investment advice.