How Obex Plans to Deploy $2.5B Into RWAs and Stablecoins | DAS NYC 2026 | Day 2 | Main
Why It Matters
The deployment brings institutional liquidity into DeFi, accelerating real‑world asset tokenization and enhancing yield for USDS holders, while positioning Sky as a dominant, revenue‑driving stablecoin ecosystem.
Key Takeaways
- •Obex receives $2.5B mandate from Sky ecosystem this year.
- •First billion allocated to eight firms across fintech, real estate, AI.
- •Deployments aim to feed USDS stablecoin with institutional‑grade yield.
- •Sky’s USDS supply targets $20B by 2026, driving liquidity demand.
- •Remaining $1.5B will follow USDS growth and expanded asset onboarding.
Summary
Obex, the stablecoin incubator backed by Framework Ventures, announced a $2.5 billion mandate from the Sky ecosystem and the immediate deployment of $1 billion into a cohort of eight companies. The rollout, described as the largest single‑cohort capital injection in crypto, positions Obex as the bridge between Sky’s yield‑bearing USDS stablecoin and real‑world asset providers.
The eight selected firms—Maple Finance, USDA, Daylight Centerfuge, Securitize, River, TVL Capital, Better Home and Finance—span structured credit, fintech, energy, AI and real‑estate. By channeling liquidity into these sectors, Obex aims to generate high‑quality yield that can be returned to USDS depositors, currently earning roughly 3.75 % and targeting $20 billion in supply by 2026.
Sky’s USDS has already surpassed $11.5 billion in circulation, with recent inflows exceeding $1 billion. Co‑founder Rune highlighted $435 million in annualized revenue for Sky in 2025 and a projected $20 billion supply next year, underscoring the scale of the opportunity. Obex’s partner network, including asset managers like Apollo and BlackRock, is expected to unlock cash‑flowing real‑world assets previously inaccessible to DeFi.
The initiative signals a decisive shift toward institutional‑grade DeFi, pairing transparency, scale and structured finance. As USDS supply grows, the remaining $1.5 billion of the mandate will be released, further deepening liquidity, expanding RWA integration and cementing Sky’s role as a profit‑generating stablecoin platform.
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