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Spark, part of the Sky (formerly MakerDAO) ecosystem, has committed an additional $1 billion to tokenized U.S. Treasury-backed RWAs, boosting its total TVL to $2.4 billion. The funds are allocated to BlackRock/Securitize’s BUIDL, Superstate’s USTB, and Centrifuge-Anemoy’s JTRSY, reinforcing Spark’s dominance in on-chain RWA deployment.
- Spark’s $2.4B TVL now dominates 2/3 of the $3.5B tokenized U.S. Treasuries market.
- Funds were split: $500M to BlackRock’s BUIDL, $300M to Superstate’s USTB, $200M to Centrifuge’s JTRSY.
- Spark’s Q1 2025 revenue hit $40M, with a USDC Savings Vault attracting $41M+ deposits.
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