Crypto incubation platform Obex completed US$37 million in financing to support the development of income-based stablecoins led by Sky Ecology and others

According to Foresight News, according to CoinDesk, crypto incubation platform Obex has completed $37 million in financing to support the development of income-based stablecoins led by Framework Ventures, LayerZero and Sky Ecosystem. The program aims to invest in and fund projects that bring real-world asset-backed strategies on-chain, bringing institutional-grade risk control and underwriting practices to a rapidly growing industry.



Obex will become the latest capital allocator for Sky, formerly known as MakerDAO, the entity behind the DAI and USDS stablecoins with a combined market capitalization of $9 billion. Obex will provide funding for the project, allowing it to scale using the protocol’s reserves and generate revenue from its strategy. Teams that pass risk and governance reviews may be eligible for additional funding from Sky, which recently authorized a commitment of up to $2.5 billion in USDS to the Obex project in a governance vote.

The program will focus on stablecoins backed by high-quality real-world collateral, focusing on three key areas: computational credits, such as tokenized GPU infrastructure; energy assets, such as municipal-scale solar and battery deployments; and loans to large fintech companies. The incubator will run a 12-week program for early-stage teams, providing funding, technical resources and access to Sky infrastructure.

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