Obex raises $37M to build 'Y Combinator' for RWA-backed stablecoins, led by Framework, Sky and LayerZero. $2.5B will also be deployed by Sky into projects incubated by Obex.


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Promote with Leviathan News"3) Teams in Obex enter a 12-week program with initial capital to build stablecoins that target real sources of yield. -What sets it apart? Massive scale. -Top graduates can access 9-figures in USDS from Sky, giving them the liquidity to pursue yield with institutional size. 4) Each team incubated by Obex will build an independent, decentralized project within Sky that seeks to drive innovation and growth for the wider ecosystem. -Incubated projects will aim to deliver compelling risk adjusted returns back to the Sky Ecosystem."
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