Paxos, a leading tokenization platform, will integrate Arbitrum, marking its first foray into the Ethereum layer-2 ecosystem, according to a Sept. 10 statement shared with CryptoSlate.
This move aims to streamline institutional integration on Arbitrum for on-chain tokenization of real-world assets.
Using Arbitrum, Paxos will tap into Ethereum’s liquidity, benefiting from faster speeds and lower costs. This move will also allow enterprises and institutions to leverage DeFi capabilities, driving innovation in financial products and services.
Both platforms are set to bring tokenized assets to the Arbitrum protocol soon. Details about these products have yet to be released.
Meanwhile, Paxos’ regulated framework would ensure its tokenization offerings comply with financial regulations. Further, the integration will allow its institutional clients to benefit from Arbitrum’s scalable and efficient infrastructure.
According to L2Beats data, Arbitrum is the largest Ethereum network, cont
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