Spark Allocates Additional $1 Billion to Tokenized U.S. Treasuries
- Spark, part of the Sky ecosystem, has committed an additional $1 billion to tokenized real-world assets (RWAs) backed by U.S. Treasury securities.
- This allocation increases Spark’s total value locked (TVL) to $2.4 billion.
- The funds are distributed among BlackRock/Securitize’s BUIDL, Superstate’s USTB, and Centrifuge-Anemoy’s JTRSY.
- Spark now controls over two-thirds of the $3.5 billion tokenized U.S. Treasuries market.
- The initial allocation was finalized after a governance vote on April 3.
With this additional funding, Spark solidifies its position as the leading on-chain allocator in the tokenized U.S. Treasuries sector, managing more than two-thirds of the market’s total assets.
Source (2.6)https://decrypt.co/318035/spark-commits-additional-1-billion-to-lead-tokenized-treasuries-sector?rand=52368