Just came across a funding update that’s definitely worth paying attention to. Paxos Labs—a company focused on stablecoins and DeFi infrastructure—has recently secured $12 million in funding, led by Blockchain Capital. Joining in afterward are Robot Ventures, the Maelstrom family office, and Uniswap Labs.

As for Paxos Labs, it actually spun out from Paxos as an independent division. Its core business is to help enterprises issue branded stablecoins, while also providing an all-in-one solution for DeFi integration. In simple terms, customers can use its software suite to create their own stablecoins, and also get features such as deposit interest and collateralized lending. This logic aligns well with current market needs—especially for companies that want to enter the crypto ecosystem but don’t want to start from scratch.

Now, Paxos Labs already has customers such as Hyperbeat and Aleo using its services, and the company expects to reach break-even by the end of this year. Not long ago, they also spent more than $100 million to acquire the crypto wallet company Fordefi. The intent behind this move is clear: by integrating wallet capabilities, they aim to further enhance DeFi ecosystem services. If you’re following the development direction of products like bv wallets, Paxos Labs’ combination of moves is definitely worth a look—they’re moving relatively quickly on the effort to connect stablecoin and wallet services.

The investor lineup behind this funding round is also quite interesting. It’s not just traditional VCs—DeFi heavyweight projects like Uniswap Labs are involved as well, which shows how bullish people are on the stablecoin infrastructure track.