Paxos Labs has integrated its Amplify yield feature into Toku's global stablecoin payroll platform, which processes over $1 billion annually across 100-plus countries. Workers using Toku can now earn yield on USDC, USDT and USDG directly within their payroll wallets without transferring funds or surrendering custody. The integration works through Toku's existing connections with payroll platforms including ADP, Workday, UKG and Gusto, requiring no additional vendor changes for employers. Toku wallets remain self-custodial and are powered by Privy, whilst Paxos Labs' Amplify provides the underlying yield infrastructure. Employees can withdraw principal and earned yield at any time, with participation optional. Paxos Labs co-founder Bhau Kotecha said the feature makes paycheques "productive" whilst maintaining self-custody. Toku CEO Ken O'Friel described it as combining stablecoin payroll speed with yield in a single user experience.

Paxos Labs raises $12m to launch Amplify digital asset stack. For years, financial institutions have treated digital assets as a holding exercise. Buy, custody, wait. The infrastructure was built for access, not activation. That model is now changing, and Paxos Labs' $12 million raise to launch Amplify is one of the clearest signals yet that the industry's centre of gravity is shifting from token issuance and custody toward full-stack financial utility. by Anonymous April 17, 2026 Paxos Labs, incubated within Paxos, has closed a strategic funding round led by Blockchain Capital, an early backer of Paxos, with participation from Robot Ventures, Maelstrom, and Uniswap. The capital is being directed toward Amplify, a modular digital asset utility stack that allows fintechs, enterprises, and financial institutions to convert passive digital asset holdings into active financial products through a single integration. The raise reflects investors' conviction that solving the asset activation problem at scale within a regulated framework represents one of the most durable growth opportunities in financial infrastructure today. From infrastructure to application layer. Paxos has spent over a decade building regulated blockchain infrastructure. According to the company, Paxos has processed more than $180 billion in tokenisation activity for the world's largest financial institutions. Paxos Labs is the next logical step, adding a product layer on top of that foundation. What makes Amplify strategically significant is the scope of what it consolidates. The platform is built around three integrated modules: Earn, which provides institutional-grade yield on digital assets; Borrow, which facilitates digital asset-backed lending; and Mint, which supports branded stablecoin issuance. All three are now live. Platforms integrate once and can activate further capabilities as their needs evolve, while Paxos Labs manages liquidity, counterparty vetting, and enterprise controls in the background. For CXOs evaluating digital asset strategy, this architecture matters. It eliminates the need to build separate vendor relationships for yield, lending, and stablecoin infrastructure. The reduction in integration complexity translates directly into faster time to market and lower operational overhead, two metrics that boards are increasingly scrutinizing as digital asset pilot programmes move toward scale. The revenue activation problem. Most platforms holding stablecoins or tokenised assets on behalf of clients have no mechanism to put those balances to work. The assets sit. The opportunity erodes. This is the gap Amplify is built to close. The company's model includes programmatic revenue sharing, so partners receive a portion of the underlying revenue generated through the stack. This creates an incentive structure where the growth of the platform and the growth of partner revenue move in the same direction. For fintechs and banks looking to offset compressed net interest margins, this is a materially different proposition than a standard infrastructure licensing arrangement. Early traction supports the commercial logic. Aleo, Hyperbeat, and Toku are already live on the platform, and the numbers coming in are worth paying attention to. Hyperbeat crossed $510,000 in assets under management within days of going live on April 9, 2026. That is not a headline figure by institutional standards, but the speed at which it moved tells its own story. When infrastructure performs commercially from near day one, it tends to mean two things: the product was genuinely ready, and the demand was already sitting there waiting for something to plug into. Compliance as competitive differentiation. The decision by Blockchain Capital to lead this round is notable. It reflects growing conviction that the next phase of digital asset infrastructure growth will be won by players who can combine product functionality with regulatory credibility. Paxos Labs' positioning as a regulated infrastructure provider is not incidental to Amplify's pitch. It is the pitch. Institutions entering digital assets today are not working in a forgiving regulatory environment. The US, EU, and Asia-Pacific are each moving at different speeds, with different frameworks and different expectations from regulated entities. For enterprise buyers, that fragmentation is not an abstract concern. It shows up directly in procurement decisions, legal review cycles, and board-level risk conversations. Amplify's architecture is built on Paxos' existing regulatory foundation, which means institutions are not inheriting a compliance problem when they integrate. They are inheriting a compliance track record. This matters at the CXO level because compliance failures in digital asset operations no longer carry reputational consequences in isolation. They carry regulatory consequences. The risk calculus has changed, and platforms that cannot demonstrate institutional-grade controls are increasingly excluded from the procurement shortlist before commercial conversations even begin. Conclusion. The Amplify launch is part of a broader structural shift. The gap between institutions that treat digital assets as a peripheral offering and those integrating them as a core financial primitive is widening faster than most leadership teams have anticipated. Paxos CEO Chad Cascarilla framed the ambition clearly, stating that Paxos Labs is building the on-chain product layer that programmatically makes digital assets productive for any platform. The strategic question is no longer whether to allocate capital to digital asset infrastructure. It is whether the platforms they rely on are building toward utility or merely maintaining access. Paxos Labs' $12 million raise and the Amplify launch suggest that the most consequential investment in this space is not in the assets themselves but in the layer that makes those assets productive. At JMC, Jiangxi Media Corporation track how digital asset infrastructure is evolving from experimental layers to core financial architecture. How is your organisation preparing to move from digital asset exposure to true financial integration? Explore Blogs

Stablecoins can help businesses turn costs into revenue, Paxos Labs cofounder says. Firms using stablecoins can reshape margins by cutting costs, unlock credit and earn yield, but not every company needs to issue a token, Paxos Labs' Chunda McCain said. Apr 19, 2026, 9:00 a.m. * Stablecoins are entering a new phase in which companies focus less on basic infrastructure and more on concrete business uses, such as yield and credit, Paxos Labs cofounder Chunda McCain said in an interview. * Businesses can tap lower payment costs and new revenue streams by using stablecoins, but not every company needs its own token capture those benefits, he added. * Paxos Labs raised $12 million to build a utility stack that lets firms earn yield, borrow against digital assets and issue branded stablecoins. Stablecoins, the $300 billion class of digital dollars, may have started as a faster way to move money across the globe, but companies are now asking a different question: what can they actually do with them? That shift is driving a new phase of adoption, according to Chunda McCain, co-founder of Paxos Labs, who says the industry is moving beyond basic infrastructure toward real business use cases. "The first step was getting a stablecoin," McCain said in an interview with CoinDesk. "The next question is: what now?" Last week, Paxos Labs underscored that direction by raising $12 million in a strategic funding round led by Blockchain Capital, with participation from Robot Ventures, Maelstrom and Uniswap. The lab unit was incubated under Paxos, the New York-based digital asset firm behind popular stablecoins such as PayPal's PYUSD (PYUSD) and the Global Dollar (USDG). Paxos itself builds stablecoins and the immediate underlying infrastructure, while Paxos Labs intends to build tooling for further use of those stablecoins. With the fresh funds, Paxos Labs is building what it calls a "financial utility stack" that lets companies turn digital assets into products through a single integration. Its newly launched Amplify Suite bundles three core tools: Earn, which offers yield on digital assets; Borrow, which enables lending against them; and Mint, which supports branded stablecoin issuance. The idea behind that is to let firms integrate tokens into a business, then layer on capabilities over time. Turning cost into revenue. For years, enterprise crypto adoption focused on "first-touch" capabilities like trading, custody or issuing a stablecoin. Those steps opened the door but rarely generated returns on their own, according to McCain "Stablecoins [have been] loss leaders for years," he said. The opportunity lies in how those assets are used. Payments are a clear example: merchants typically give up 2% to 3% in fees, while stablecoin rails can reduce those costs and even generate yield on balances held onchain. "You turn what has always been a cost into revenue," he said. Some of the more novel use cases sit at the intersection of payments and credit. Payment providers already track merchant revenues and cash flow, which puts them in a position to underwrite loans, McCain argued. That could allow merchants to access financing based on real-time performance, while earning yield on incoming payments and settling instantly across borders. These models are still early, but the building blocks are starting to come together, he said. Not every firm needs its own token. To capture these benefits, not every firm needs its own stablecoin. While companies like PayPal have launched branded tokens to control payments and margins, issuing one requires significant investment in liquidity, compliance and distribution. "If you just need the economics, you don't need to build your own," McCain said. Many firms can instead integrate existing stablecoins and still benefit from lower costs and added yield. The shift may lack the hype when big firms like Western Union announce their own token, but it carries tangible impact on how businesses operate. Stablecoins are starting to reshape margins, unlock credit and change how money moves globally, especially where traditional systems remain costly or slow. "It might sound boring, but this is the math," McCain said. More For You 4 hours ago France has seen 41 crypto-related kidnappings this year, roughly one every 2.5 days, prompting authorities to step up security. What to know: * France has emerged as an epicenter of so-called wrench attacks, with at least 41 crypto-related kidnappings and home invasions reported this year, prompting heightened security and new government measures. * These attacks, which use physical coercion to force victims to transfer digital assets, are rising globally and increasingly target individuals based...