Paxos Launches Paxos Labs to Bring DeFi Integration Tools to Financial Institutions
Paxos introduced Labs to help organizations integrate DeFi products and tokenized assets into their platforms through easy-to-use APIs. The platform enables fintechs and exchanges to issue custom stablecoins, manage structured digital assets, and offer yields. The startup’s goal is to become the global default infrastructure for on-chain financial products.
Paxos Labs, a new startup, is designed to assist organizations in integrating decentralized finance (DeFi) products and tokenized assets directly into their platforms. While Labs collaborates with various companies, its offerings leverage Paxos’ regulatory expertise and secure, enterprise-grade infrastructure.
Paxos Aims to Be the Structural Foundation of an On-chain Financial System
Unlike firms focused on asset custody or direct DeFi protocol access, Paxos Labs provides tools for platforms to create their on-chain financial products and offer them to users. The startup currently boasts a team of over a dozen finance and blockchain technology experts and plans to expand, particularly in engineering and marketing.
Bhau Kotecha, co-founder and head of Labs, along with Chad Cascarilla, the company’s CEO, lead this initiative, focusing on empowering businesses and institutions to deliver innovative, secure, and regulated DeFi products.
