Paxos Labs to use $12M raise toward yield, lending, issuance tools

Paxos Labs to use $12M raise toward yield, lending, issuance tools

0.43%TRX$0.3235 0.83%LINK$9.03 0.39%ADA$0.2406 0.13%BCH$436.46 1.54%XRP$1.36 0.67%ETH$2,323 2.62%BTC$74,225 1.33%XMR$345.17 0.23%BNB$616.05 1.24%XLM$0.1548 0.91%SOL$83.76 0.29%HYPE$43.32 0.51%USD Written by Nate Kostar,Staff WriterReviewed by Robert Lakin,Staff EditorPaxos Labs to use $12M raise toward yield, lending, issuance tools31 minutes agoBacked by Blockchain Capital, the Amplify suite aims to enable platforms to generate yield and offer lending using customer-held digital assets. Paxos Labs has raised $12 million in a strategic funding round led by Blockchain Capital to expand its Amplify platform, a suite of tools that lets companies offer crypto yield, lending and stablecoin issuance through a single integration. The Amplify suite includes three modules — Earn, Borrow and Mint — allowing platforms to generate yield on digital assets, enable crypto-backed loans and issue branded

Source: https://cointelegraph.com/news/paxos-labs-raises-12m-to-launch-platform-for-turning-digital-assets-into-financial-products?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound