<p>Obex is a cryptocurrency incubator launched by Sky (formerly MakerDAO) to bring real-world-asset-backed stablecoin strategies onchain with institutional-grade risk controls. Designed to avoid failures seen in synthetic or under-collateralized stablecoins, Obex supports teams building stablecoins backed by high-quality collateral such as compute credits, energy assets, and fintech loans. Through a 12-week accelerator program, Obex provides early-stage founders with capital, technical support, and access to Sky’s $9B+ stablecoin ecosystem (DAI + USDS). Its mission is to accelerate the next wave of secure, yield-bearing stablecoins and real-world-asset protocols.</p>

<p>November 18, 2025 - Obex has raised $37M in a funding round to provide teams with capital to launch innovative, yield-seeking stablecoin projects on Sky.</p>

Obex

Obex is a crypto incubator designed to bring real-world–asset-backed stablecoin strategies on-chain with institutional-grade risk controls. 

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