Obex Secures $37M to Create 'Y Combinator' for Real-World Asset Stablecoins, Supported by Sky's $2.5B Investment

New Crypto Incubator Launch: Obex has launched with $37 million in funding, aiming to support the development of yield-generating stablecoins backed by real-world assets, such as tokenized GPU infrastructure and municipal-scale energy projects.

Focus on Risk Management: The incubator emphasizes institutional-grade underwriting and risk management to address vulnerabilities exposed by recent failures in the synthetic stablecoin sector, aiming to build more robust stablecoins.

Comparison to Y Combinator: Obex is likened to a "Y Combinator for stablecoins," offering a structured 12-week program that provides capital, technical resources, and mentorship to early-stage teams.

Market Growth and Challenges: The stablecoin market has expanded significantly, with transaction volumes surpassing traditional payment systems, but recent depegging events highlight the risks associated with yield-bearing stablecoins, necessitating a focus on safer, real-world collateral.