The Milk Road Show The $1 Billion Bet That Could Transform Crypto Forever w/ Parker Edwards
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Mar 25, 2026 Parker Edwards, lead of OBEX and operator at Framework who builds institutional real‑world asset products, discusses a $1B onchain deployment into mortgages, energy, AI compute and institutional credit. He explains the cohort of eight companies, how capital bootstraps liquidity and products, selection and underwriting priorities, and the role of tokenization and secondary markets in scaling RWA finance.
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Energy Background Informs RWA Selection
- Parker references his energy company experience to justify Daylight and energy finance as high‑demand, scalable RWAs.
- He noted energy products already have existing demand and will scale quickly on-chain.
AI Compute Financing Uses Overcollateralized GPU Loans
- USDAI finances AI infrastructure via over-collateralized lending against GPUs and dual-token mechanisms to let depositors earn returns backed by revenue-generating compute.
- They already have a pipeline of loans targeted for Sky integration.
Mortgages Coming On‑Chain Through AI-Native Originators
- Better Home is an AI-native mortgage originator with ~$110B in loans originated and public listing, bringing mortgage exposures and liquidity to on-chain secondary markets.
- OBEX aims to increase on-chain liquidity for long-duration mortgage assets via new capital markets.