Sky-backed Obex spreads $1 billion across credit, energy and AI assets to expand stablecoin yield

Obex, an incubator backed by Framework Ventures, has started deploying $1 billion to connect the Sky ecosystem's USDS stablecoin with income generated from real-world assets, including AI data centers, housing, and energy. This initiative aims to move Sky beyond traditional, circular crypto yield sources toward higher-quality returns from structured credit, fintech, energy infrastructure, and AI capital expenditures. The deployment involves partnerships with firms like Maple, USD.ai, and Centrifuge, which are focused on tokenizing these real-world assets into blockchain-based instruments. Sky, the issuer of the $10 billion USDS stablecoin, seeks to increase USDS supply above $20 billion next year, and Obex was mandated to allocate up to $2.5 billion of reserves into these yield-generating real-world assets. This strategy aligns with the broader, rapidly growing market trend of tokenizing real-world assets (RWA) to offer more stable and predictable returns than speculative crypto strategies.

(Source：CoinDesk)