Paxos Labs raises $12M led by Blockchain Capital to launch Amplify, a platform for onchain financial products.
VC & Fundraising ·
Paxos Labs has secured $12 million in funding led by Blockchain Capital, with additional backing from Robot Ventures, Maelstrom (Arthur Hayes' family office), and Uniswap. The capital raise accompanies the launch of Amplify, described as a platform for building onchain financial products.
Paxos Labs operates as a separate entity spun off from Paxos, the stablecoin issuer. The funding underscores investor confidence in tools and infrastructure supporting decentralized finance development. The breadth of participants—spanning venture capital, family offices, and a major decentralized exchange—suggests alignment across different segments of the crypto ecosystem around this infrastructure play.
What remains unclear is the specific functionality and differentiation of Amplify relative to existing platforms for deploying financial contracts onchain, as well as the operational strategy and product roadmap for the coming months.