MakerDAO announces a $1 billion investment plan, attracting RWA issuers to participate eagerly.

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MakerDAO's New Investment Plan Attracts Top Issuers' Attention

MakerDAO's $1 billion government bond investment plan has attracted interest from Balder Tokenization Fund BUIDL, Real World Asset Protocol Ondo, and asset management company Superstate. This fund allocation competition is set to open next month and is expected to significantly boost the $18 billion US bond tokenization market. The plan signifies a major shift in MakerDAO's reserve strategy and is part of founder Rune Christensen's endgame plan.

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Various RWA Protocols Vying for Investment

RWA issuers including BlackRock's BUIDL, Ondo Finance, and Superstate have expressed their intention to apply for this investment.

Carlos Domingo, CEO of Securitize, a partner of BUIDL, stated in a media interview, "We believe this is a very good strategy for MakerDAO, and we are excited to participate alongside BlackRock's BUIDL."

BlackRock launched the tokenization fund BUIDL on Ethereum and strategically invested in Securitize

The adoption of RWAs is growing. We're excited at the opportunity to participate in @MakerDAO's initiative and bring our high-quality, real-world assets to the network and its users.

Per @CoinDesk: "Ondo Finance (ONDO), the $550 million RWA platform, also plans to participate.… https://t.co/ABPP5A8kFr

— Ondo Finance (@OndoFinance) July 12, 2024

Robert Leshner, founder of Compound and Superstate, mentioned, "Superstate's USTB Short-Term US Treasury Bond Fund is an ideal partner for MakerDAO. We are pleased that MakerDAO has created a transparent process for us to introduce USTB to the community."

"Superstate's USTB is an ideal partner for MakerDAO," @rleshner, founder of @superstatefunds, told CoinDesk. "We're excited that MakerDAO is creating an open process where we can introduce USTB to the community." https://t.co/xiHDNVwj6R

— Reid MacInnes Cuming (@rmcuming) July 12, 2024

RWA Market Value to Increase by 55%, MKR Price Rises on News

According to the online platform RWA.xyz, the current tokenized US bond market size has reached $18.6 billion, with BUIDL having the largest asset size. If MakerDAO's $1 billion plan is completed, it will directly contribute to a 55% growth in the entire RWA market. MakerDAO's token MKR has also seen a 5% price increase.