Spark promises to invest an additional $1 billion in tokenized US Treasury bonds, bringing its total TVL to $2.4 billion.

According to Decrypt, Spark, the lending sub-DAO of the Sky ecosystem, has committed to an additional $1 billion investment in tokenization of real-world assets (RWA), particularly those backed by U.S. Treasuries. This expansion brings Spark's total Lock-up Position (TVL) to $2.4 billion. The new funds will be allocated 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 Centrifuge-Anemoy's JTRSY received $200 million. These three funds primarily allocate to short-term U.S. Treasuries, 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 market, solidifying its leading position in on-chain RWA deployment.