Osero Raises $13.5M to Build Stablecoin Savings on Plasma

Osero closed a $13.5 million funding round structured as SAFTs to build a stablecoin savings account on the Plasma network. The project was incubated by Stablewatch and did not disclose a valuation.

Sky Ecosystem and Plasma led the financing. Other investors named include RedStone and Kairos Research. The company said roughly $10 million of the proceeds will be held as risk capital to cushion stablecoin yields against market volatility.

The financing used Simple Agreements for Future Tokens, a common early-stage crypto instrument that gives investors rights to future tokens rather than equity. No token has been launched and Osero did not disclose a timeline for any token distribution.

Osero plans to use the funds for product development and to seed the risk reserve. The company described the reserve framework as modeled on Basel III banking rules, intended to absorb losses or shortfalls so advertised yields remain stable in stressed market conditions.

The startup is building three core products. Earn will target yield optimization for stablecoin deposits. App will serve as the consumer-facing interface where users can hold and manage savings. Foundry will support asset tokenization to bring real-world assets and other tokenized instruments into the platform’s liquidity and yield strategies.

A technical priority is integrating Sky Ecosystem’s stablecoins into Osero’s yield framework. Sky rebranded its stablecoin as USDS and offers sUSDS as a savings variant that accrues yield natively. Osero plans to plug both USDS and sUSDS into its Plasma-based infrastructure to expand stablecoin yield options across chains.

Osero is building natively on Plasma, a scaling and interoperability layer the company cites as a core technical element. The firm will deploy its reserve and products on that layer as development progresses.

The competitive landscape includes protocols such as Morpho and Ethena as well as Sky’s native savings offerings. Osero’s public roadmap highlights its Plasma-native architecture, Sky Ecosystem backing and the Basel III-inspired reserve as distinguishing features.