The stablecoin incubator is targeting tokenized assets tied to AI hardware, energy and housing to move Sky’s ecosystem beyond “circular” crypto yields.
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.
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Among other things, the deal is expected to strengthen Ripple’s stablecoin ambitions.
The bank’s collaboration with DCS aims to enable stablecoin spending through DeCard, blending digital assets with traditional finance.
The aim of the Smart NAV pilot was to test a process to bring and disseminate fund data on multiple blockchains, a key step for tokenization.
The offering includes 31.5 million shares, with around 23.5 million coming from Figure and 8 million from existing shareholders.