Obex Incubator Successfully Raises $37M For Stablecoin Projects

Ron Kotli

21 Nov 2025

Obex Incubator Successfully Raises $37M For Stablecoin Projects. Photo By Marcus Stickling On Unsplash.

Obex Incubator Successfully Raises $37M For Stablecoin Projects. Photo By Marcus Stickling On Unsplash.

Obex has successfully raised $37M to fund a new wave of stablecoin projects.

The raise was led by Framework Ventures, Sky (previously known as MakerDAO) and LayerZero, which will allow the Obex team to focus on finding the next yield-bearing innovations. The silver lining for this raise is that stablecoins are starting to be seen as another vehicle for ‘capital formation’, and so there are many more opportunities that are still to be fully commercialised as tokenisation rallies up use-cases on the institutional side too.

One of the two GPs, Michael Anderson, reacted on X:

Interestingly, the concept behind this will actually emphasise on improving the integration and utility of RWAs (Real-World Assets) as underlying methods to generate user engagement, as well as active rewards that can be beneficial to people’s daily lives rather than only on delta-neutral/hedging strategies. Sky will also offer its resources to help throughout the process, including both extra capital (circa $2.5B) and technical guidance.

Existing projects such as Daylight that focuses on enabling more sustainable energy generation throughout homes in the U.S. and USD.AI that bases its model on AI compute and GPUs, are some examples of what the 12-week incubator is looking for in the new year.

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https://www.coindesk.com/business/2025/11/18/obex-raises-usd37m-to-build-y-combinator-for-rwa-backed-stablecoins-led-by-framework-sky

https://x.com/im_manderson/status/1990830928944562415?s=61