- Buy Crypto
- Markets
- Futures
- Spot
- Copy Trade
WE-Launch
Cryptocurrency Incubator Obex Completes $37 Million Funding
BlockBeats News, November 19, according to CoinDesk, cryptocurrency incubator Obex has completed a $37 million financing round, with the specific investment team yet to be disclosed.
The new funds will be used to support the development of yield-bearing stablecoins led by Framework Ventures, LayerZero, and the Sky ecosystem. The initiative aims to invest in and fund projects that bring real-world asset (RWA)-backed strategies on-chain, introducing institutional-grade risk controls and underwriting practices to this rapidly evolving space.
Obex will become the latest fund allocator under Sky (formerly known as MakerDAO). Sky is the entity behind the DAI and USDS stablecoins, with a combined market cap of $9 billion. Through Obex, Sky will utilize its significant protocol reserves to provide expansion funding for projects and earn returns from these strategies.
You may also like
2025: Irreversible Changes in the Crypto Market
LayerZero Price Prediction – ZRO Price Forecasted to Decline to $1.17 by December 18, 2025
Key Takeaways: The LayerZero (ZRO) price is predicted to drop by 23.01% within the next five days, seeing…
Sky Token Price Movement and Forecast: A Deep Dive into December 2025
Key Takeaways Sky Token has shown a positive trend recently, with a gain of 1.38% over the last…
Sky Gains 1.38% But Predicted to Decline by December 15, 2025
Key Takeaways: Current Sky price activity reflects a 3.43% gain against the US Dollar, although its outlook indicates…
Sky Token Predicted to Drop by December 2025: An In-Depth Analysis
Key Takeaways Sky Token has risen 1.38% in the last month but is expected to decrease by 23.39%…
Sky Token Prediction December 2025
Key Takeaways Sky Token’s price is anticipated to drop to $0.042791 by December 15, 2025, representing a 23.39%…
Sky Gained 1.38% in Last Month and is Predicted to Drop to $0.042791 By Dec 15, 2025
Key Takeaways Recent Performance: Sky has recently gained 1.38% over the past month, showing slight positivity in the…
Sky Gained 1.38% in Last Month and is Anticipated to Decline to $0.042791 by Dec 15, 2025
Key Takeaways: Sky Token recently gained 1.38% over the past 30 days, reflecting a short-term positive movement. Predictions…
Can the 40 Billion Bitcoins Taken by Qian Zhimin Be Returned to China?
Standard & Poor's Downgrades USDT to Lowest Rating, Controversy Surrounds Leading Stablecoin
Doma Mainnet Launched, 36 Million Domains Available as Tradable Tokens
What is the Undissolved DOGE Still Up To?
Cryptocurrency Market in Bear Cycle: Key Dynamics and Future Prospects
Key Takeaways The cryptocurrency market has officially entered a bear cycle, causing significant fluctuations in both institutional and…
ZEC’s Ascent Amid Privacy Debates and Major Crypto Seizures
Key Takeaways: ZEC’s Independence: ZEC, a privacy-focused cryptocurrency, stands out with a unique rise amidst the broader crypto…
ZEC’s Rise as a Privacy Safe Haven Amid Bitcoin’s Turbulence
Key Takeaways ZEC emerges as a strong contender in privacy-focused cryptocurrency, contrasting Bitcoin’s recent vulnerabilities. High-profile cases reveal…
ZEC Price Surge Truth: Chen Zhi and Qian Zhimin Flee BTC, Making This Place a New Safe Haven
I don't even dare to play DeFi anymore, just look at these four safe investments with a stable 10% APY.
Paxos Labs Launches USDG0: A New Era for Stablecoins
Key Takeaways Paxos has introduced USDG0, an omnichain version of its regulated stablecoin USDG, facilitating seamless operations across…
2025: Irreversible Changes in the Crypto Market
LayerZero Price Prediction – ZRO Price Forecasted to Decline to $1.17 by December 18, 2025
Key Takeaways: The LayerZero (ZRO) price is predicted to drop by 23.01% within the next five days, seeing…
Sky Token Price Movement and Forecast: A Deep Dive into December 2025
Key Takeaways Sky Token has shown a positive trend recently, with a gain of 1.38% over the last…
Sky Gains 1.38% But Predicted to Decline by December 15, 2025
Key Takeaways: Current Sky price activity reflects a 3.43% gain against the US Dollar, although its outlook indicates…
Sky Token Predicted to Drop by December 2025: An In-Depth Analysis
Key Takeaways Sky Token has risen 1.38% in the last month but is expected to decrease by 23.39%…
Sky Token Prediction December 2025
Key Takeaways Sky Token’s price is anticipated to drop to $0.042791 by December 15, 2025, representing a 23.39%…
Popular coins
Latest Crypto News
Customer Support：@weikecs
Business Cooperation：@weikecs
Quant Trading & MM：[email protected]
VIP Services：[email protected]
App