BlackRock’s BUIDL, Superstate, and Centrifuge Receive $1B Token Allocation
Sky, previously MakerDAO, has launched a $1 billion investment plan for tokenized Treasury products through its decentralized finance platform Spark. The allocations include:
- $500 million to BUIDL by BlackRock and Securitize, backed by U.S. Treasury bills
- $300 million to Superstate's USTB
- $200 million to Centrifuge's JTRSY, in collaboration with Anemoy and Janus Henderson
39 applicants were evaluated by Steakhouse Financial based on liquidity and capital efficiency. The final allocations will be market-driven and capped at $1 billion. Selected tokenized assets may serve as collateral for Sky’s stablecoin USDS and its yield-bearing version sUSDS, pending governance approval.
This initiative reflects the growing trend of integrating tokenized versions of traditional financial assets into blockchain protocols. The tokenized U.S. Treasuries market is currently valued at $4.6 billion.