I would say. On one side are traditional brokerages embracing crypto assets, accepting cryptocurrencies to purchase stocks;
On the other side are various CEX and DEX on-chain real assets in Web3, tokenizing US stocks, US bonds, commodities, real estate, power generation equipment, etc.
The recently trending project Spark.fi belongs to the latter.
💡What is Spark Protocol?
A key project in collaboration with Cookie.fun’s initial launch
Supported by the MakerDAO ecosystem
Built on Aave V3 fork
Developed by Phoenix Labs
Is one of the core components of MakerDAO’s 'Endgame Plan'.
In short, Spark Protocol is a decentralized finance (DeFi) lending protocol focused on optimizing on-chain capital allocation, providing high liquidity, high yield opportunities, and low-cost lending services.