Paxos Labs Raises $12M to Build White-Label Stablecoin Infrastructure for Enterprises

Gate News message, April 14 — Paxos Labs, a new spin-off from stablecoin issuer Paxos, has secured $12 million in funding to build white-label stablecoin infrastructure for large corporations and financial institutions. The round was led by Blockchain Capital, with participation from Robot Ventures, Maelstrom, and Uniswap Labs, according to ChainCatcher. The platform will enable blue-chip enterprises to issue and manage their own branded stablecoins without building blockchain infrastructure in-house.

Paxos CEO Chad Cascarilla will head the new entity while continuing to lead the parent company. Paxos Labs aims to deliver compliance-ready technology rails that allow large enterprises to integrate tokenized money into payments, loyalty programs, and treasury workflows.

The business model mirrors white-label approaches in card networks and banking-as-a-service, where brands leverage shared platforms rather than operating full technology stacks internally. Target clients include major corporates and financial institutions seeking regulated, programmable digital dollar payment rails.

The fundraise comes as competition among stablecoin infrastructure providers intensifies globally, with banks, fintechs, and crypto-native firms racing to capture flows in tokenized deposits and fiat-backed tokens across multiple blockchains.