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

Odaily Planet Daily 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, and the final allocation will be driven by the market, with an upper limit of $1 billion. If allocated according to the upper limit, it is expected that BUIDL issued by BlackRock-Securitize will receive $500 million, Superstate's USTB will receive $300 million, and Centrifuge's JTRSY will receive $200 million. After obtaining community governance approval, the selected tokenized assets can be used as collateral for Sky's native stablecoin USDS and its yield-corresponding currency sUSDS. (CoinDesk)