Overview
- The new incubator secured $37 million in funding led by Framework Ventures, LayerZero and the Sky ecosystem, according to an interview with CoinDesk.
- Obex is positioning itself as a Y Combinator–style accelerator for stablecoin projects that aim to generate yield from real-world assets.
- The 12-week program will provide capital, technical resources and access to Sky’s infrastructure for early-stage teams.
- Focus areas include stablecoins backed by compute credits, energy assets and loans to large fintechs.
- Obex says Sky governance recently authorized up to $2.5 billion in USDS for qualified projects after risk and governance reviews, a push framed as a response to recent synthetic stablecoin peg failures.