The new crypto incubator Obex has raised $37 million in funding to support yield-bearing stablecoins

According to market news, the new crypto incubator Obex team stated in an interview that it has raised $37 million in funding to support the construction of the next-generation yield-bearing stablecoin led by Framework Ventures, LayerZero, and the Sky ecosystem.

The plan aims to invest in and fund projects that introduce real-world asset collateral strategies on-chain, bringing institutional-level risk control and underwriting practices to this rapidly evolving field. Obex will become the latest funding allocation partner for Sky, providing financial support to projects, helping them achieve scale expansion from the protocol's large reserves, and generating yields through strategies.

The initiative will focus on stablecoins backed by high-quality real-world assets, with a particular emphasis on three core areas: computational credit (such as tokenized GPU infrastructure), energy assets (such as municipal-level solar and battery deployments), and loans to large fintech companies.

The incubator will conduct a 12-week program for early teams, providing funding, technical resources, and access to Sky infrastructure. Teams that undergo risk and governance reviews may qualify for additional funding support from Sky. Recently, Sky authorized the deployment of up to $2.5 billion in USDS to the Obex project in a governance vote.