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Spark commits an additional $1 billion to tokenized Treasuries, bringing its total TVL to $2.40 billion

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2025-05-06 09:22:37
According to Decrypt, DAO Spark, a lender in the Sky ecosystem, said it has committed an additional $1 billion to tokenized real-world assets (RWA), particularly those backed by US Treasuries. The expansion brings Spark's total lock-up value (TVL) to $2.40 billion. The additional funds will be distributed 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 Centri-Anemoy's JTRSY received $200 million. The three funds are mainly allocated to short-term US Treasury bonds, and the current total size is 2.81 billion, 490 million and 237 million respectively. Spark currently controls more than two-thirds of the $3.50 billion tokenized U.S. Treasury market, solidifying its leadership in on-chain RWA deployments.
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