Spark’s assets Tokenization Grand Prix is a part of a broader trend of blockchain-based protocols incorporating tokenized versions of traditional financial assets, such as bonds, funds, and credit

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The protocol's move is part of a larger trend of blockchain-based protocols integrating tokenized versions of traditional financial assets, or real-world assets, like bonds, funds and credit. In 2024, Sky announced plans to invest $1 billion in tokenized U.S. Treasury bills, attracting interest from a wide range of issuers.