Tokenized Treasury Products of Blackrock-Securitize, Superstate and Centrifuge prepared to receive allocations from the $ 1 billion investment plan initiated by Sky, former Makaperdao, an initiative designed to acce Finance (Defi) Lending platform spark.
Buidl, issued by Blackrock and Securitize and supported by US Treasury Bills and re -purchase agreements, is set to receive $ 500 million allocation. Superstate’s USTB gets a $ 300 million. Centrifuge’s Jtrsy, a T-Bill fund in collaboration with asset managers Anemoy and Janus Henderson, is set to receive $ 200 million.
The selection process has found 39 applicants reviewed by the Advisory Firm Steakhouse Financial, a major player in the spark ecosystem that specializes in RWW. The winners are selected based on the criteria including the liquidity and efficiency of the capital. The final allocation will be driven to the market and trapped for $ 1 billion, Spark said in a press release.
The approval of management management, selected tokenized assets can be used as collateral for the native stablecoin USD of the Sky and the counterparts that carry it, the SUSDS.
Moving the protocol is part of a larger trend of blockchain-based protocols that include tokenized versions of traditional financial properties, or real-world assets, such as bonds, funds and credit. In 2024, heaven announced plans To invest $ 1 billion in tokenized US Treasury bills, which attract interest from a wide range of providers.
Read more: Makerdao’s Treasury’s $ 1B tokenized tokenized investment plan
Provision will also lend a significant strengthening for the rapidly growing tokenized US Treasury market, currently standing for $ 4.6 billion, according to Rwa.xyz data.
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