Paxos is a regulated financial technology company providing blockchain-based infrastructure for stablecoins, asset tokenization, and settlement.
57Blocks partnered with Paxos to develop and deploy smart contracts supporting rebasing tokens as collateral and enabling multi-chain issuance. The engagement focused on expanding Paxos’s on-chain asset management capabilities through secure and auditable contract architecture.
What 57Blocks Delivered
Rebasing Token Collateral: Designed and implemented smart contracts to manage balance adjustments, transfer logic, and profit allocation across participating roles.
LayerZero OFT Integration: Built token issuance workflow using the LayerZero mint/burn model to support seamless distribution across multiple EVM-compatible chains.
Tech Stack: Solidity, Foundry, LayerZero V2 OFT.
Business Impact
Enabled Paxos to issue and manage stablecoins across multiple chains under a unified cross-chain framework.
Improved transparency and operational efficiency in collateralized asset management.
Provided a scalable foundation for future tokenized asset products within the Paxos ecosystem.
