Obex Raises $37M to Build RWA-Backed Yield-Bearing Stablecoins
Obex, a Web3 incubator, closed a $37M Series A led by Framework Ventures, LayerZero and the Sky ecosystem fund. It will leverage Sky’s $25B USDS reserve to finance and mentor early-stage teams in tokenizing real-world assets (RWA) as collateral for yield-bearing stablecoin projects. The 12-week accelerator offers capital, technical resources, on-chain underwriting and institutional-grade risk controls. Focus sectors include GPU infrastructure, municipal solar and battery energy assets, and fintech loans. Sky’s governance also approved up to $2.5B in USDS stablecoins to back Obex. By addressing stablecoin depeg risks seen in USDe, USDX and deUSD, Obex aims to build secure, scalable yield-bearing stablecoin infrastructure.
Bullish
Obex’s $37M Series A and backing by Sky’s $25B USDS reserve boost both short-term and long-term outlooks for yield-bearing stablecoins. In the short term, fresh capital and institutional-grade risk controls can increase market confidence and liquidity in USDS-backed products, attracting traders seeking on-chain yield strategies while mitigating depeg concerns. In the long term, Obex’s focus on tokenizing diverse real-world assets—GPU infrastructure, energy projects and fintech loans—diversifies collateral pools and underpins sustainable yields. Approved deployment of up to $2.5B USDS signals strong commitment, likely driving institutional participation, new derivative offerings and broader adoption of secure, scalable yield-bearing stablecoin solutions.