Based on Chainthink, on December 11, Paxos CEO Chad Cascarilla announced at the Solana Breakpoint conference that the company has applied to the U.S. SEC for a clearing agency license. This would allow Paxos to natively issue and custody on-chain stocks and bonds, enabling users to hold real underlying assets rather than derivatives. Cascarilla emphasized that this move could lay a key foundation for bringing traditional financial assets onto the blockchain. He also highlighted Paxos' ongoing expansion in stablecoins and asset tokenization, including USDG and gold tokenization products. He believes public blockchains will become a global asset trading venue, significantly improving market accessibility and liquidity.
Paxos CEO Announces SEC Application for Clearing Agency License to Issue On-Chain Stocks and Bonds
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