Paxos Labs has successfully raised $12 million in a funding round led by Blockchain Capital, according to Foresight News. The investment also saw participation from Robot Ventures, family office Maelstrom, and DeFi developer Uniswap Labs. Paxos Labs, which has separated from stablecoin issuer Paxos, aims to provide services for large enterprises to create and manage their own stablecoins. Bhaumik Kotecha, co-founder of Paxos Labs, declined to disclose the valuation of this funding round. Chad Cascarilla, CEO of Paxos, also serves as the CEO of Paxos Labs.