Spark’s Tokenization Grand Prix saw 39 applicants with winners selected based on pricing transparency, liquidity levels, capital efficiency, and strategic alignment with Spark’s objectives

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The selection process saw 39 applicants evaluated by advisory firm Steakhouse Financial, a key player in Spark’s ecosystem specializing in RWAs. Winners were chosen based on criteria including liquidity and capital efficiency. The final allocations will be market-driven and capped at $1 billion, Spark said in a press release.

The competition attracted 39 applications, reviewed by Steakhouse Financial, a firm specializing in RWAs within the Spark ecosystem. Applicants were assessed based on pricing transparency, liquidity levels, and strategic alignment with Spark’s objectives. Spark picked each of these RWA tokens backed by US Treasury securities, suggesting a preference for liquid and conservative assets.