MakerDAO, the core development organization behind the DAI stablecoin, completed more than $700 million in U.S. Treasury bond purchases. The group initially purchased $500 million in bonds in October 2022, and its total bond holdings now stand at $1.2 billion. MakerDAO invests in bonds to increase exposure to low-risk, liquid traditional assets. Monetalis Clydesdale Vault, a digital asset management firm born out of DeFi lender Monetalis Group, completed the purchase on behalf of MakerDAO.