Spark promises to invest an additional $1 billion in tokenized U.S. Treasury bonds, increasing its total TVL to $2.4 billion

2025-05-06 17:24:47
Collection

According to ChainCatcher news reported by Decrypt, the lending sub-DAO Spark of the Sky ecosystem has committed to an additional $1 billion investment in 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 new funds will be allocated according to the results of the previous "Tokenized Grand Prix": BlackRock/Securitize's BUIDL fund received $500 million, Superstate's USTB received $300 million, and Centrifuge-Anemoy's JTRSY received $200 million. These three funds primarily invest in short-term U.S. Treasury bonds, with current total sizes of $2.81 billion, $490 million, and $237 million, respectively. Spark currently controls over two-thirds of the $3.5 billion tokenized U.S. Treasury bond market, solidifying its leading position in on-chain RWA deployments.

ChainCatcher reminds readers to view blockchain rationally, enhance risk awareness, and be cautious of various virtual token issuances and speculations. All content on this site is solely market information or related party opinions, and does not constitute any form of investment advice. If you find sensitive information in the content, please click "Report", and we will handle it promptly.
ChainCatcher Building the Web3 world with innovators