MakerDAO smashes $1 billion in RWA U.S. bonds! BlackRock, Ondo, Superstate plan applications

This site (120bTC.coM): MakerDAO, a decentralized lending protocol regarded as a leader in the DeFi world and the issuer behind the stablecoin DAI, has invested US$1 billion to promote the development of real world assets (RWA).

Yesterday (12th), MakerDAO announced a public competition called "Spark Tokenization Grand Prix", in which it plans to invest US$1 billion of its reserves in tokenized U.S. Treasury bond issuance.

BlackRock, Ondo, Superstate and other RWA giants will participate

According to Coindesk, including global asset management giant BlackRock’s tokenized fund BUIDL, RWA protocol Ondo Finance and crypto-native asset management Top issuers such as Superstate are planning to submit applications to the tokenization competition. It is understood that BlackRock, Ondo and Superstate are also the three most influential companies in the RWA field in the first quarter of this year.

MakerDAO’s investment scale of US$1 billion is expected to provide a huge boost to the development of the RWA protocol.

Selected projects will receive $1 billion in liquidity support

Spark Tokenization Grand Prix was officially announced on Friday at the Ethereum Community Conference (ETHCC) in Brussels, Belgium. According to Spark, a lending platform built on Maker Protocol explains that the competition aims to tokenize and introduce $1 billion in real-world assets to MakerDAO.

"The competition is open to all innovators and issuers, and selected partners will receive up to $1 billion in liquidity support. Applications will be open on August 12, 2024, and will be selected by judges such as Phoenix Labs and Steakhouse Financial. Evaluation criteria Including pricing, liquidity, and alignment with Spark strategies. MKR token holders will ultimately select the winner through governance voting. ”

Spark Protocol is a lending platform built on Maker, and it strives to be a Maker. and a central hub for RWA on Ethereum and is led by SparkSub DAO, a smaller decentralized autonomous organization within MakerDAO.

MKR surged 10%

Affected by this news, MakerDAO’s governance token MKR surged 10.3% in the past 24 hours, and was trading at US$2,639.94 at the time of writing.

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