As reported by Odaily, crypto incubator Obex has completed a $37 million funding round led by Framework Ventures, LayerZero, and the Sky ecosystem. Obex aims to incubate and fund the next generation of yield-bearing stablecoin projects, focusing on those backed by high-quality real-world assets (RWA) and institutional-grade risk controls. Sky, the successor to MakerDAO and home to the USDS stablecoin, will deploy up to $2.5 billion in USDS to qualified projects through Obex. Framework Ventures co-founder Vance Spencer noted that Obex will offer a 12-week incubation program, providing early-stage teams with capital, technical resources, and access to Sky infrastructure.
Obex Completes $37M Funding to Build RWA-Backed Stablecoin 'Y Combinator'
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