Spark promises to invest an additional $1 billion in tokenized U.S. Treasury bonds, increasing its total TVL to $2.4 billion

According to ChainCatcher news reported by Decrypt, the lending sub-DAO Spark of the Sky ecosystem has committed to an additional $1 billion investment in tokenized real-world assets (RWA), particularly those backed by U.S. Treasury bonds. This expansion brings Spark's total value locked (TVL) to $2.4 billion.

The new funds will be allocated according to the results of the previous "Tokenized Grand Prix": BlackRock/Securitize's BUIDL fund received $500 million, Superstate's USTB received $300 million, and Centrifuge-Anemoy's JTRSY received $200 million. These three funds primarily invest in short-term U.S. Treasury bonds, with current total sizes of $2.81 billion, $490 million, and $237 million, respectively. Spark currently controls over two-thirds of the $3.5 billion tokenized U.S. Treasury bond market, solidifying its leading position in on-chain RWA deployments.