PANews reported on May 6 that according to Decrypt, Spark, the lending sub-DAO of the Sky ecosystem, said it has pledged to invest an additional $1 billion in tokenized real-world assets (RWA), especially those backed by U.S. Treasuries. The expansion brings Spark's total locked value (TVL) to $2.4 billion. The additional funds will be allocated according to the results of the previous "Tokenization Grand Prix": BlackRock/Securitize's BUIDL fund received $500 million, Superstate's USTB received $300 million, and Centrifuge-Anemoy's JTRSY received $200 million. The three funds are mainly allocated to short-term U.S. Treasuries, with current total sizes of $2.81 billion, $490 million, and $237 million, respectively. Spark currently controls more than two-thirds of the $3.5 billion tokenized U.S. Treasury market, consolidating its leading position in on-chain RWA deployment.
Spark commits an additional $1 billion to tokenized U.S. debt, bringing its total TVL to $2.4 billion
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