Spark
YieldActive

Spark

$2.4B deployed into tokenized treasuries. Largest DeFi capital allocator into RWA. A single allocation decision moves hundreds of millions.

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Brief

Sky ecosystem capital allocator. $5.2B TVL. Largest DeFi capital allocator into tokenized treasuries.

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Snapshot

Key terms and identifiers.

Asset classes
Treasuries, Private credit
Token standards
erc-20, eip-4626
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Milestones

How this player got here.

  1. Feb 2025Crossed $1.5B TVL
  2. Jul 2024Launched Spark Lend on Morpho
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Connections

Who they build with, build on, integrate with.

Dependency

Where this player builds on, integrates, or relies on others.