Superstate and other institutions' tokenized US bond products plan to receive funding from Sky Investment Program

Odaily Planet Daily News: The tokenized US bond products of BlackRock Securitize, Superstate, and Centrifuge are about to receive funding from Sky's (formerly MakerDAO) investment plan. It is reported that the investment plan has a scale of $1 billion, and the final distribution will be market driven, with a ceiling of $1 billion. If distributed according to the ceiling, it is expected that the 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 governance approval, the selected tokenized assets can be used as collateral for Sky's native stablecoin USDS and its corresponding currency sUSDS. （CoinDesk）