MakerDAO Adds $50M in RWA assets Via BlockTower Andromeda!

Author: Mustafa Mulla

Mustafa has been writing about Blockchain and crypto since many years. He has previous trading experience and has been working in the Fintech industry since 2017.

Sep 8, 2023 10:21

MakerDAO, a decentralized finance platform, has added $50 million in real-world asset (RWA) assets through BlockTower Andromeda. The investment primarily consists of short-term U.S. Treasuries, bringing the entire RWA assets on MakerDAO to approximately $2.514 billion. BlockTower Andromeda, which now has $752 million in MakerDAO’s RWA assets, has a target investment of up to $1.28 billion. The move signals MakerDAO’s continued growth in the DeFi space, as it offers a more stable option than cryptocurrencies alone.