Obex, a platform backed by Framework Ventures, has announced the deployment of a $1 billion fund designed to link the active stablecoin USDS—issued by the Sky protocol—with real-world revenue streams such as AI data centers, energy infrastructure, and residential assets. By leveraging this fund, Obex aims to move beyond traditional yield generation methods within the crypto sector, focusing instead on blockchain-powered models anchored in tangible assets.
Crypto Meets Tangible Assets
In the first stage of this initiative, Obex will prioritize products from companies like Maple, USD.ai, Daylight, Centrifuge, Securitize, River, TVL Capital, and Better. These firms are at the forefront of creating tokenized solutions that bridge traditional economic industries—such as credit, home financing, energy, and AI infrastructure—with blockchain technology. Through this approach, real-world assets like loans and infrastructure projects can be represented and traded directly on-chain, opening up new opportunities for both issuers and investors.
Obex and its partners expect to expand their collaborations, accelerating the creation of innovative tokenized products and broadening the use of USDS for yield generation. The alliance is designed to support the ecosystem’s vision of making stable, asset-backed investment opportunities widely accessible through blockchain infrastructure.
The Sky protocol itself is a prominent player in the decentralized finance (DeFi) sector, recognized for its longstanding lending platform and the circulation of $10 billion in USDS. In 2025, the protocol reported generating $435 million in annual revenue and has set an ambitious goal to surpass $20 billion in USDS supply in the coming year.
New Yield Sources and the Rise of Tokenization
Last year, Obex took decisive steps by managing up to $2.5 billion from the Sky ecosystem’s USDS reserves, channeling those funds into real-world asset projects to generate predictable returns. The company’s strategy involves sourcing returns not just from blockchain-based instruments but also from sectors outside the crypto industry, nurturing a more diverse and robust foundation for yield generation.
Parker Edwards, a partner at Framework Ventures, emphasized the shift: “We’re moving beyond ever-cycling DeFi yields toward higher-quality returns from structured credit markets, fintech, energy infrastructure, AI investments, real estate, and other productive sectors.”
Edwards’ remarks spotlight the growing importance of tokenization, which allows for traditional assets—such as loans, funds, or infrastructure ventures—to be represented as digital tokens on the blockchain. This advancement enhances transparency, facilitates easier tracking of ownership, and broadens access to investment opportunities previously limited to select circles.
Throughout the past year, the combined market capitalization of tokenized real-world assets has tripled, now standing at $26 billion. This surge is largely attributed to an increasing appetite for more stable and predictable yields compared to the volatility-prone crypto lending marketplace.
