Cryptocurrency incubator Obex has successfully raised $37 million in funding to accelerate the development of stablecoins backed by real-world assets (RWAs). This funding round, led by prominent investors including Framework Ventures, LayerZero, and the Sky Ecosystem, signals a growing interest in bridging traditional finance with decentralized finance (DeFi). Obex aims to create yield-generating stablecoins by bringing RWA-backed investment strategies on-chain. A key focus will be implementing robust, institutional-grade risk controls to mitigate the failures observed in previous synthetic stablecoin models. By leveraging real-world assets, Obex seeks to provide more stability and transparency within the volatile cryptocurrency market. This initiative could potentially attract institutional investors seeking exposure to digital assets with reduced risk. The funding will be used to further develop the platform, onboard new partners, and refine the risk management framework. ```