š£ @MakerDAO announced a $1 billion investment competition in tokenized U.S. Treasuries, attracting interest from major issuers like BlackRock's BUIDL, Ondo Finance, and Superstate. Following this news, Maker's governance token (MKR) rose by 5%.
The initiative, dubbed the "Spark Tokenization Grand Prix," aims to bolster the $1.8 billion tokenized real-world asset market. Applications open on August 12. This move aligns with founder Rune Christensen's Endgame Plan to enhance MakerDAOās reserve strategy and support the RWA trend. The funding will be redirected from reserves managed by Monetalis and BlockTower's Andromeda facility.
Carlos Domingo of Securitize, Robert Leshner of Superstate, and Nathan Allman of Ondo Finance have all expressed excitement about participating. This plan is expected to significantly boost the tokenized treasury market, which has already tripled to $1.85 billion over the past year.
This follows a similar initiative by ArbitrumDAO, which allocated approximately $27 million in tokenized offerings, demonstrating the growing interest and value in tokenized treasury assets.
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