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:
cryptonews.net