Obex raised 37 million dollars in funding for RWA-backed stablecoins.

Obex Raises Funds for New Stablecoin Development Initiative

Obex has raised 37 million dollars as a new accelerator in the cryptocurrency ecosystem. This funding was led by Framework Ventures, LayerZero, and the Sky ecosystem.

Obex's goal is to integrate real-world asset-based strategies into the on-chain environment and develop stablecoins supported by institutional-level risk control mechanisms. This approach aims to prevent the failures seen in previous synthetic stablecoins.

The company will focus on stablecoins backed by high-quality collateral. These collaterals include computation credits, energy assets, and loans to major financial technology companies. Obex also offers a 12-week program for early-stage teams.