Morrison Cohen Represents Paxos Labs in $12 Million Funding Round Following Spin-Off from Paxos
Congratulations to Morrison Cohen client Paxos Labs, a newly launched DeFi-focused platform, on its $12 million funding round led by Blockchain Capital.
Spun off from Paxos, a leading stablecoin and blockchain infrastructure provider, Paxos Labs helps developers seamlessly integrate DeFi capabilities. The transaction positions Paxos Labs to capitalize on growing demand for decentralized financial solutions, as enterprises increasingly look to deploy stablecoins within on-chain markets.
The Morrison Cohen team representing Paxos Labs was led by Counsel Andrew Wallach, with support from Tony Saur, Jessica Lipson, Lauren Brown and Cesar Rodriguez.
Read more about the transaction in Fortune.
Contacts
- Anthony M. Saur Partner & Co-Chair, Emerging Companies & Venture Capital
- amsaur@morrisoncohen.com
- Jessica L. Lipson Partner & Co-Chair, Technology, Data & IP
- jlipson@morrisoncohen.com
- Lauren A. Brown Associate
- lbrown@morrisoncohen.com
- Cesar Rodriguez Associate
- crodriguez@morrisoncohen.com
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