Obex, the stablecoin incubator administered by Framework Ventures and backed by a $2.5 billion mandate from the Sky ecosystem, on Tuesday announced its inaugural cohort of eight projects and began deploying up to $1 billion in USDS across them.
The first class includes Maple, USDAI, Daylight, Centrifuge, Securitize, River, TVL Capital, and Better. All eight are either already part of, or intend to join, the Sky ecosystem, spanning structured credit, fintech lending, energy finance, AI infrastructure, tokenization, crypto capital markets, and real estate.
"Our industry is at an inflection point. We're moving beyond circular DeFi yield sources and toward high-quality yield from private credit markets, fintech, energy infrastructure, AI CapEx, real estate, and other productive sectors," said Parker Edwards, partner at Framework Ventures, in a press release viewed by The Defiant.
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