Paxos acquires Nucleus Earn and establishes Paxos Labs to advance enterprise on-chain financial services

Paxos announced the acquisition of Nucleus Earn and the establishment of a new department, Paxos Labs, co-founded by Chunda, Jun Kim, and Bhau.

Paxos Labs will provide on-chain financial infrastructure for enterprises, supporting a diverse range of crypto financial services from stablecoin issuance to compliant money markets.