""The tech makes it easier for [customers] to integrate, and they don't have to figure out all the smart contracts themselves," said Kotecha. "But it's also: We can sit down with their team and help them express compliance and risk.""
""As more companies print more tokens, enterprises inevitably will think about how their customers will use them," said Kotecha."
Paxos Labs, a spin-off of Paxos, focuses on DeFi and stablecoin integration for companies. It raised $12 million in funding led by Blockchain Capital. The firm aims to simplify compliance and risk management for clients. Paxos is known for its white-label stablecoin services, helping companies create and manage their own tokens. The growing interest in DeFi has led Paxos to acquire the crypto wallet company Fordefi for over $100 million, responding to client demand for enhanced DeFi access.
Read at Fortune
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