Paxos Labs, a DeFi infrastructure subsidiary spun off from Paxos, has raised $12 million in a funding round led by Blockchain Capital, with participation from Uniswap Labs and others. The company focuses on providing enterprise clients with services such as stablecoin issuance, on-chain yield, and lending protocol access. Paxos Labs aims to facilitate developer access to DeFi markets like Aave through a single software suite. The company reports having existing clients and anticipates reaching breakeven by the end of the year.