Tokenized U.S. debt products under Superstate and other institutions intend to receive funding from Sky Investment Program
03-18 14:24
<p>Odaily News BlackRock-Securitiz, Superstate and Centrifuge&#39;s tokenized U.S. debt products are about to receive funding from Sky&#39;s (formerly MakerDAO) investment plan. It is reported that the investment plan is worth $1 billion. The final allocation will be market-driven, with a cap of $1 billion. If allocated according to the cap, it is expected that BlackRock-Securitize&#39;s BUIDL will receive $500 million, Superstate&#39;s USTB will receive $300 million, and Centrifuge&#39;s JTRSY will receive $200 million. After governance approval, the selected tokenized assets can be used as collateral for Sky&#39;s native stablecoin USDS and its yield-corresponding currency sUSDS. (CoinDesk)</p>
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