Obex Secures $37M Funding to Launch Y Combinator-Style Platform for RWA-Backed Stablecoins

Blockchain startup Obex has successfully raised $37 million in a landmark funding round led by prominent venture capital firms Framework Ventures and Sky. The substantial investment will fuel Obex's ambitious mission to establish a Y Combinator-style accelerator program exclusively dedicated to Real World Asset (RWA)-backed stablecoins. This initiative aims to identify, fund, and mentor the most promising projects in the rapidly expanding RWA and stablecoin sector, providing them with essential resources, industry expertise, and strategic networking opportunities to accelerate development and market adoption. The significant backing from major investors highlights strong market confidence in the future of asset-backed digital currencies and the infrastructure supporting them.