Tokenized U.S. debt products under Superstate and other institutions intend to receive funding from Sky Investment Program

Odaily News BlackRock-Securitiz, Superstate and Centrifuge's tokenized U.S. debt products are about to receive funding from Sky'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's BUIDL will receive $500 million, Superstate's USTB will receive $300 million, and Centrifuge's JTRSY will receive $200 million. After governance approval, the selected tokenized assets can be used as collateral for Sky's native stablecoin USDS and its yield-corresponding currency sUSDS. (CoinDesk)