Paxos Labs has secured $12 million in a funding round led by Blockchain Capital to enhance its Amplify platform, which offers enterprise crypto financial services. The platform integrates yield, lending, and stablecoin issuance modules, simplifying onchain service deployment for enterprises. The funding will accelerate product development and enterprise integration, with early adopters like Aleo, Hyperbeat, and Toku already utilizing the platform.
Amplify's suite includes modules for institutional-grade yield, crypto-backed lending, and branded stablecoin creation, all accessible through a single integration. This approach allows enterprises to embed financial services directly into their platforms without building separate infrastructure layers. Paxos Labs aims to support large enterprises in integrating tokenized finance tools into existing systems, reflecting a growing demand for enterprise-ready digital asset infrastructure.
Paxos Labs Raises $12M to Expand Amplify Crypto Yield Platform
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