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

The stablecoin incubator is targeting tokenized assets tied to AI hardware, energy and housing to move Sky’s ecosystem beyond "circular" crypto yields. What to know : Obex, an incubator backed by Framework Ventures, is deploying $1 billion to connect Sky's USDS stablecoin to income from real-world assets such as AI data centers, housing and energy. The first wave of partners include Maple, USD.ai, Daylight, Centrifuge, Securitize, River, TVL Capital and Better, bridging crypto markets with traditional sectors. Sky, a long-running DeFi lending protocol and issuer of the $10 billion USDS token, is using Obex's mandate to allocate up to $2.5 billion of reserves into real-world assets as part of a broader industry shift toward tokenization, a market now valued at about $26 billion.