Paxos has launched a new project to assist institutions in accessing DeFi and tokenizing real-world assets.
The project, developed over six months, aims to simplify DeFi access for mainstream financial platforms.
Paxos Labs, headed by Bhau Kotecha, is creating easy-to-integrate APIs for customers to use DeFi products without dealing with its complexity.
The initiative targets consumer fintech apps, exchanges, and blockchain networks with tools for issuing stablecoins, yield strategies, and managing digital assets.
Paxos aims to increase adoption of tokenized financial services by enabling businesses to connect to DeFi markets without intricate technical requirements.
The launch reflects Paxos' expansion in the regulated digital asset sector, showcasing the company's role as a bridge between traditional finance and blockchain technologies.