Spark Labs, a Singapore-based crypto fund manager, has launched a $100 million Superstate fund focused on yield-generating crypto treasuries. The fund aims to capitalize on opportunities in decentralized finance (DeFi) by investing in high-quality, yield-bearing treasury assets. Spark Labs plans to build a diversified portfolio of crypto protocols that provide sustainable yields through innovative financial products such as staking, lending, and liquidity provision. The launch comes amid increasing interest from institutional investors seeking exposure to the burgeoning crypto yield market while managing risks associated with volatile digital assets. The Superstate fund underscores the growing sophistication within crypto asset management as the sector matures and looks for steady income streams beyond traditional capital appreciation.