Paxos Labs Raises $12 Million to Launch Amplify Digital Asset Platform
Paxos Labs, the financial utility stack for digital assets incubated within stablecoin infrastructure firm Paxos, has closed a $12 million strategic funding round led by Blockchain Capital, with participation from Robot Ventures, Maelstrom and Uniswap.
The round will accelerate development of the company's Amplify Suite, a single-SDK platform that lets companies embed three capabilities into their applications: Earn (institutional-grade yield for digital assets), Borrow (digital asset-backed lending) and Mint (branded stablecoin issuance). All three modules went live on the day of the announcement.
Paxos Labs says Amplify is designed for ease of deployment through a single integration that activates the full suite within any application, with independently configurable parameters across each module. Paxos Labs manages liquidity, counterparty vetting, and enterprise-led controls, while partners receive a portion of underlying revenue through programmatic revenue sharing.
Partners including Aleo, Hyperbeat, and Toku are already live on the platform. Paxos Labs says the Hyperbeat integration crossed $510,000 in assets under management since going live on April 9, 2026.
Building on Paxos's regulated infrastructure
The move extends Paxos's reach beyond its core institutional stablecoin issuance business, which powers tokens for players including PayPal and Nubank. Paxos Labs is built on what the company describes as Paxos's $180 billion-plus tokenization track record and regulatory expertise.
"Paxos Labs is an extension of that mission: building the onchain product layer that makes digital assets productive," said Chad Cascarilla, CEO of Paxos.
Bhau Kotecha, Co-Founder of Paxos Labs, added: "Amplify is the infrastructure that makes it possible through a single integration."
Spencer Bogart, General Partner at Blockchain Capital, which led the round, called the opportunity "the largest open [problem] in fintech today", pointing to the product layer sitting on top of digital asset infrastructure.
About Paxos Labs
Paxos Labs is the financial utility stack for digital assets. Through the Amplify stack, it provides platforms with tools to embed yield, enable borrowing, and launch branded stablecoins. Built on Paxos's tokenization track record and regulatory expertise, the company aims to make it easy for platforms to activate value held in users' digital assets.
