37 million dollars invested in the yield stablecoin track, Obex incubator partners with Sky ecosystem to play new tricks in RWA.

[Chain News] The crypto circle has made another big move — the newly incubated Obex has just announced that it has secured $37 million in financing, preparing to make a big play: teaming up with Framework Ventures, LayerZero, and the Sky ecosystem, focusing on the next generation of yield-generating stablecoin track.

These people have quite wild ideas; they plan to bring the collateralization of real-world assets onto the blockchain, along with an institutional-level risk control system. In other words, they want stablecoins to not only be stable but also to generate profits. Obex will directly provide funding to projects from Sky's giant reserve pool, helping them to rapidly scale and earn returns.

How exactly to do it? They are focusing on three directions: tokenizing GPU computing power as a computational resource, energy facilities like solar energy and energy storage batteries, and the loan business of fintech companies. The incubator will run a 12-week project cycle, providing early-stage teams with money, technology, and access to Sky's underlying infrastructure interfaces. Teams that pass the review can subsequently apply for more funding from Sky—Sky recently voted to approve a maximum USDS quota of $2.5 billion for Obex.

This wave of operations packages RWA, DeFi yields, and incubation models together, which is quite interesting.