In brief
- Spark, part of the Sky (formerly MakerDAO) ecosystem, has allocated another $1B to tokenized U.S. Treasury-backed RWAs, raising its total TVL to $2.4B.
- The new funds go to BlackRock/Securitize’s BUIDL, Superstate’s USTB, and Centrifuge-Anemoy’s JTRSY—the same recipients from Spark’s Tokenization Grand Prix.
- Spark now controls over two-thirds of the $3.5B tokenized U.S. Treasuries market, solidifying its lead in on-chain RWA deployment.
Spark, an on-chain capital allocator embedded in the recently rebranded Sky, formerly MakerDAO, ecosystem, says it has committed an additional $1 billion to tokenized real-world assets (RWAs), specifically those backed by U.S. Treasury securities.
The expansion brings Spark’s total value locked (TVL) to $2.4 billion, making it the leading on-chain allocator, per DeFiLlama data.
The allocation follows the conclusion of Spark’s “Tokenization Grand Prix,” a months-long initiative…
