BlackRock Secility, Superstars and Centrifuge Tokenized Financial Products are poised to receive allocations from Sky-started $1 billion investment plan (formerly Makerdao).
Buidl, issued by BlackRock and securitized and supported by a US Treasury bill and a repurchase agreement, is expected to receive an allocation of $500 million. Superstate’s USTB wins $300 million. Jtrsy of Centrifuge, a T-Bill fund in collaboration with Asset Managers Anemoy and Janus Henderson, is expected to receive $200 million.
The selection process saw 39 applicants being evaluated by Advisory Firm Steakhouse Financial, a key player in Spark’s ecosystem specializing in RWAS. Winners were selected based on criteria such as liquidity and capital efficiency. The final allocation will be market-driven and will be capped at $1 billion, Spark said in a press release.
Pending governance approvals can use the selected tokenized assets as collateral for Sky’s native Stablecoin USDS and its yield counterpart SUSD.
The protocol’s movement is part of a larger trend in blockchain-based protocols that integrate tokenized versions of traditional financial assets, or real-world assets such as bonds, funds, and credits. In 2024, Sky announced plans to invest $1 billion.
Read more: Makerdao’s Billion Tokenized Treasury Investment Plan withdraws interest from BlackRock’s Buidl, Ondo and Superstate
According to data from RWA.xyz, this allocation will significantly boost the already rapidly growing tokenized US financial market.
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