Obex Secures $37M Funding to Launch RWA-Backed Stablecoin Incubator

Why It Matters

The initiative could reshape the stablecoin landscape by introducing higher‑quality, yield‑bearing tokens with robust risk oversight, attracting institutional capital and enhancing market stability.

Deal Summary

Obex, a new crypto incubator focused on real‑world‑asset‑backed stablecoins, announced a $37 million fundraising round led by Framework Ventures, LayerZero and the Sky ecosystem. The capital will fund a 12‑week program supporting early‑stage teams building yield‑generating stablecoins backed by compute, energy and fintech credit assets.