PANews reported on May 6, according to Decrypt, that the lending sub-DAO Spark of the Sky ecosystem has committed an additional $1 billion to tokenized real-world assets (RWA), particularly those backed by U.S. Treasury bonds. This expansion brings Spark's total value locked (TVL) to $2.4 billion. The additional funds will be allocated according to the results of the previous "Tokenization Grand Prix": BlackRock/Securitize's BUIDL fund will receive $500 million, Superstate's USTB will receive $300 million, and Centrifuge-Anemoy's JTRSY will receive $200 million. These three funds primarily allocate short-term U.S. Treasury bonds, with current total sizes of $2.81 billion, $490 million, and $237 million, respectively. Spark currently controls more than two-thirds of the $3.5 billion tokenized U.S. Treasury bond market, solidifying its leading position in on-chain RWA deployment.
Spark commits an additional $1 billion to tokenized US Treasuries, increasing total TVL to $2.4 billion
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PANews2025/05/06 09:44
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