Tokenized State Treasury Products from BlackRock-Securitize, Superstate and Centrifuge are ready to receive awards from $ 1 billion investment plan initiated by Sky, former Makerdao, an initiative designed to accelerate the adoption of the real world (RWA) tokenization in sky-accentive decentralized financial funding (Defi) Lock platform kick.
BUIDL, issued by Blackrock and Securitize and supported by the US Treasury Suggestions and Release Agreements, is intended to receive $ 500 million allocation. Superstates USTB gets $ 300 million. Centrifuge’s JTRSY, a T-Bill fund in partnership with Asset Managers Anemoy and Janus Henderson, who will receive $ 200 million.
The selection process was 39 applicants evaluated by the advisory company Steakhouse Financial, a key player in Spark’s ecosystem specializing in RWAs. The winners were selected based on criteria, including liquidity and capital efficiency. The final allocations will be market -driven and limited to $ 1 billion, Spark said in a press release.
Pending government approval, the selected tokenized assets could be used as security for Sky’s original stableecoin USDS and its yield -bearing counterpart, Susds.
The movement of the protocol is part of a larger trend of blockchain-based protocols that integrate tokenized versions of traditional financial assets or assets in the real world, such as bonds, funds and credit. By 2024, Sky announced plans to invest $ 1 billion in tokenized US Treasury Forms, attracting interest from a large number of issuers.
Read more: Makerdaos $ 1b Tokenized Treasury Investment Plan draws interest rates from Blackrocks Buidl, Ondo, Superstate
The award will also give a significant boost to the already rapidly growing tokenized US Treasury, currently at $ 4.6 billion, according to RWA.xyz data.
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