Synthetic dollar protocol Ethena Labs and tokenization platform Securitize have submitted a joint proposal to feature Ethena’s USDtb stablecoin in Spark’s $1 billion Tokenization Grand Prix. The competition seeks to onboard real-world assets (RWAs) to decentralized finance by offering liquidity to selected participants.

https://cointelegraph.com/news/ethena-securitize-join-race-spark-liquidity-usdtb

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Ethena Labs and Securitize are collaborating to submit a proposal for Ethena's USDtb stablecoin to be featured in Spark's $1 billion Tokenization Grand Prix. This competition aims to bring real-world assets (RWAs) into decentralized finance (DeFi) by offering liquidity to selected participants. The goal is to onboard traditional assets like securities and real estate into the crypto ecosystem.