cryptonews.net
Paxos Labs, a digital asset infrastructure developer within Paxos, has announced a $12 million strategic funding round led by Blockchain Capital, an early-stage crypto investment firm. Additional participants include Robot Ventures, a venture fund focused on crypto startups, Maelstrom, an investment firm backing digital assets, and Uniswap, a decentralized trading protocol.
Alongside the funding, Paxos Labs introduced Amplify, a financial utility platform designed to help companies turn digital assets into usable financial products. The platform combines yield generation, lending, and stablecoin issuance into a single integration.
Amplify includes three core modules:
- Earn provides institutional-grade yield on digital assets
- Borrow enables lending backed by digital holdings
- Mint allows partners to issue branded stablecoins
All modules are already live and can be activated through one SDK.
Early adopters include Aleo, a privacy-focused blockchain network, Hyperbeat, a digital asset platform, and Toku, a tokenization service provider. The Hyperbeat integration has surpassed $510,000 in assets under management shortly after launch.
Image: Freepik