Institutions such as Superstate are expected to receive funding for their tokenization US bond products from the Sky Investment Plan.

Odaily Planet Daily News BlackRock-Securitiz, Superstate, and Centrifuge’s tokenized US bond products are set to receive funding from the Sky (formerly MakerDAO) investment program, with a reported program size of $1 billion. The final allocation will be market-driven, with a cap of $1 billion. If allocated to the maximum, it is expected that BlackRock-Securitize’s issuance of BUIDL will receive $500 million, Superstate’s USTB will receive $300 million, and Centrifuge’s JTRSY will receive $200 million. Once governance is approved, the selected tokenized assets can be used as collateral for Sky’s native Stablecoin USDS and its yield-bearing coin sUSDS. (CoinDesk)