Arbitrum DAO Looks to Invest Aggressively Into On-Chain RWAs

Daily Top Performer — Lumia (ORN)

The SPX index is up by 0.39% as the market remains mixed from Federal Reserve comments and macro economic data. The broader cryptocurrency market is down, with Bitcoin down by 0.05% and Ether down by 0.12%, respectively in the past 24 hours.

Today's outperformer is Lumia which is up 13.2% as it unveils its Layer 2 solution aimed at revolutionizing the Real-World Assets (RWA) tokenization market.

Lumia's Layer 2 facilitates seamless liquidity aggregation and global tradability of RWAs, addressing key challenges such as market adoption, traditional finance integration, market stability, and infrastructure scalability. The "Lumia Stream" technology, developed over six years, connects conventional exchanges (CEX), decentralized exchanges (DEX), and traditional finance (Trad-Fi) sources, enabling efficient price discovery and capital allocation. This bridges Total Value Locked (TVL) from CEXs, offering Delta Neutral Liquidity Provision (DNLP) across multiple chains including Binance, Ethereum, Optimism, and Arbitrum. DNLP has achieved record capital efficiency rates, with significant volumes settled on platforms like 1inch and Injective. Lumia's approach also includes features like Atomic Swaps and Full Self-Custody, enhancing trustless asset transfers and user control across the BTC and EVM ecosystems. By integrating these technologies, Lumia is setting new standards in the blockchain space for RWA management and adoption.

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Talk of the Town:

The Arbitrum DAO announced plans to invest $29 million worth of ARB into on-chain Real-World Assets (RWAs), marking a significant commitment to diversify its treasury. As part of its Stable Treasury Endowment Program (STEP), the DAO will annually allocate 1% of its assets into RWA products. This year, after evaluating 17 candidates, STEP has chosen six products for investment, including ventures like BlackRock’s BUIDL and Ondo’s USDY. Further highlighting the growth in on-chain RWAs, the market cap for on-chain securities has escalated by 121% in 2024, reaching $1.72 billion. This trend underscores the expanding role of blockchain technologies in traditional asset markets, with innovations like tokenized U.S. treasuries receiving high ratings from Moody’s.

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Spot Bitcoin ETF Flows:

In the latest ETF flow data, the Bitcoin ETF market witnessed a total net inflow of $31 million. The flows were distinctly marked by a significant outflow from Grayscale Bitcoin Trust (GBTC), which saw a reduction of $30.3 million, contrasting sharply with the overall market movement.

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