The DeFi service Spark, which is part of the Sky ecosystem (formerly MakerDAO), has made a significant move in the tokenized asset market by investing $1 billion in tokenized U.S. bonds (RWA). This investment has increased the platform's total TVL (Total Value Locked) to $2.4 billion, strengthening Spark's position as a leader in the decentralized finance sector. The funds are distributed among leading funds: $500 million in BUIDL from BlackRock/Securitize, $300 million in USTB from Superstate, and $200 million in JTRSY from Centrifuge-Anemoy. Currently, Spark controls over 2/3 of the U.S. tokenized bond market, which amounts to $3.5 billion.
This move underscores the growing interest in integrating traditional financial instruments with blockchain technologies, providing capital efficiency and transparency. The tokenization of government bonds opens new opportunities for investors, allowing for stable income in a decentralized environment. Spark demonstrates how DeFi can transform global finance by combining the reliability of treasury bonds with the flexibility of blockchain.
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