Cryptocurrency incubator Obex completed 37 million US dollars financing, the specific investment team has not yet been disclosed.
The new funding will be used to support the development of revenue-based stablecoins led by Framework Ventures, LayerZero, and the Sky ecosystem. The initiative aims to invest in and fund projects that bring real-world asset (RWA) -backed strategies to the chain, introducing institutional-grade risk control and underwriting practices to this rapidly evolving space.
Obex will become the latest allocator of funds under the umbrella of Sky (formerly MakerDAO), the entity behind the DAI and USDS stablecoins, which together have a market capitalisation of $9 billion. Through Obex, Sky will use its vast reserve of protocols to fund the project's expansion and generate revenue from these strategies.
Cryptocurrency incubator Obex completes $37 million funding round
2025-11-18 16:40:23
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