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Paxos Launches New Project to Help Institutions Tap Into DeFi

  • 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.

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