At Solana Breakpoint, CEO Chad Cascarilla said Paxos’ SEC application aims to enable on-chain issuance of stocks, bonds, and tokenized assets like USDG and gold-backed products.
Paxos CEO Chad Cascarilla announced on December 11 at Solana Breakpoint that the firm has applied to the U.S. Securities and Exchange Commission to become a clearing agency. Approval would allow Paxos to issue stocks and bonds directly on-chain, facilitating tokenization of traditional financial assets. Cascarilla highlighted plans to expand offerings such as USDG and gold-backed products, providing users with ownership of actual underlying assets rather than derivatives.