ChainThink report, December 11: At the Solana Breakpoint conference, Chad Cascarilla, co-founder and CEO of Paxos, announced that Paxos has filed an application with the U.S. SEC to become a clearing agency, enabling it to directly custody and natively issue on-chain stocks and bonds, allowing users to hold real underlying assets rather than derivatives. He emphasized that this will lay a critical foundation for the large-scale on-chain migration of traditional financial assets.

Cascarilla stated that Paxos aims to drive traditional assets into on-chain environments and continue expanding in the realms of stablecoins and asset tokenization, including the growth of USDG and gold tokenization products. He believes public blockchains will become a unified global marketplace for asset trading, significantly enhancing market accessibility and liquidity.