Obex Don Raise $37M to Build RWA-Backed Yield-Bearing Stablecoins
Obex, one Web3 incubator, don close $37M Series A wey Framework Ventures, LayerZero and Sky ecosystem fund lead. Dem go use Sky $25B USDS reserve to finance and mentor early-stage teams wey dey tokenize real-world assets (RWA) as collateral for yield-bearing stablecoin projects. The 12-week accelerator dey offer capital, technical resources, on-chain underwriting plus institutional-grade risk controls. Dem dey focus on GPU infrastructure, municipal solar and battery energy assets, plus fintech loans. Sky governance also approve up to $2.5B USDS stablecoins to back Obex. Obex wan solve stablecoin depeg risks wey dey USDe, USDX and deUSD, make dem fit build secure, scalable yield-bearing stablecoin infrastructure.
Bullish
Obex $37M Series A plus backing from Sky $25B USDS reserve dey boost short-term and long-term outlooks for yield-bearing stablecoins. For short term, fresh capital and institutional-grade risk controls fit increase market confidence and liquidity for USDS-backed products, attract traders wey dey find on-chain yield strategies while dem dey reduce depeg concerns. For long term, Obex focus for tokenizing different real-world assets like GPU infrastructure, energy projects, and fintech loans dey diversify collateral pools and support sustainable yields. Approved deployment of up to $2.5B USDS mean strong commitment, fit drive institutional participation, new derivatives offers and wider adoption of secure, scalable yield-bearing stablecoin solutions.