BlackRock's BUIDL, Superstate and Centrifuge Win Spark's $1B Tokenized Asset Windfall
Article
Publish date
Mar 18, 2025 - 12:00am
Publisher
CoinDesk
Web URL
https://www.coindesk.com/business/2025/03/18/blackrock-s-buidl-superstate-and-centrifuge-win-spark-s-usd1b-tokenized-asset-windfall-report
Referenced by
Sky allocates $1B to BlackRock-Securitize, Superstate, and Centrifuge
Crypto news
News story
Pending governance approval, the selected tokenized assets could be used as collateral for Sky’s native stablecoin USDS and its yield-bearing counterpart, sUSDS
Crypto news
Quote
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.
Crypto news
Quote
Show more
