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Ecosystem
Institutional incubator backed by $2.5B mandate accelerates convergence of real-world yield and onchain finance, launching Sky-aligned products to boost USDS adoption
March 25, 2026
Companies mentioned:
Obex, the institutional incubator backed by a $2.5 billion mandate to accelerate institutional-grade stablecoin projects, today unveiled its first cohort of eight high-impact protocols set to integrate directly into the Sky Ecosystem.
The announcement marks the immediate activation of $1 billion in capital deployment, aimed at bridging traditional high-quality yield sources with onchain finance and expanding the reach of Sky’s stablecoin and savings products.
Obex highlighted the strategic importance of the move. Citing Parker Edwards, the firm noted that the crypto industry has reached a critical inflection point: shifting away from circular DeFi yield toward real, productive yield generated from structured credit markets, fintech, energy infrastructure, AI capital expenditure, real estate, and other tangible sectors.
“Obex’s key goal is to accelerate that convergence, aiming to bring diverse yield sources onchain and into the Sky ecosystem,” the announcement stated. “For this first cohort, integrating with Sky is intended to unlock liquidity at a scale that isn’t traditionally available to them post-launch.”
The eight projects selected for Cohort 1 are:
Each project will launch Sky-aligned products designed to bootstrap usage of USDS, Sky’s flagship stablecoin. The integration is expected to enable other Sky Agents—such as Spark and Grove—to deploy capital directly into these protocols, creating new onchain liquidity channels and diversified yield opportunities for Sky users.
The move underscores Obex’s mandate to support only institutional-quality projects that can deliver real-world asset (RWA) exposure and sustainable yield directly into Sky’s growing network. With $1 billion already earmarked for deployment from this inaugural class, the incubator is positioned to play a pivotal role in the next phase of institutional DeFi adoption.
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