According to online reports, stablecoin issuer Paxos has announced the formation of a new startup called Paxos Labs, which aims to help institutions bring decentralized finance and on-chain products directly to their applications and platforms. It is reported that Paxos Labs has been incubating within Paxos for the past six months. The company will help companies connect with the DeFi market and real-world asset opportunities. Paxos Labs 'initial products include issuing customized branded stablecoins, deploying tokenized revenue strategies and tools to manage structured digital assets.