Crypto incubator Obex has secured $37 million in funding to develop a new generation of yield-generating stablecoins. The initiative, backed by Framework Ventures, LayerZero, and the Sky ecosystem, aims to integrate real-world asset-backed strategies into the blockchain space. Obex will focus on stablecoins supported by high-quality assets, targeting areas like computational credit, energy assets, and fintech lending. The incubator will provide early-stage teams with financial backing, technical resources, and access to Sky's infrastructure for 12-week projects. Successful teams may receive further funding from Sky, which has authorized up to $2.5 billion in USDS for the Obex project following a governance vote.