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MakerDAO Community Votes to Purchase Up to $1.28 Billion in US Government Bonds via BlockTower Capital

The MakerDAO community has approved a proposal to open a new real-world asset (RWA) vault named BlockTower Andromeda, which will invest up to $1.28 billion in short-dated US Treasury bonds funded by Maker's overcollateralized DAI stablecoin.

The decision is part of Maker's efforts to diversify its reserve assets and increase protocol revenues through yield-generating strategies. BlockTower Capital will act as the arranger, while Celadon Financial Group will be the broker and Wedbush Securities will custody assets.

BlockTower already manages multiple Maker vaults, which currently invest around $90 million in structured credit products on blockchain-based credit protocol Centrifuge.

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