Paxos co-founder Chad Cascarilla: Paxos has applied to the SEC to become a clearing agency
ChainCatcher reported that Paxos co-founder Chad Cascarilla stated that Paxos has applied to the SEC to become a clearing agency. This move will enable Paxos to directly hold bonds and stocks and issue them natively on-chain, allowing users to hold the actual underlying assets rather than derivatives.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Analyst: The Bitcoin cycle may have turned, and the overall market outlook is positive by year-end
Trending news
MoreData: In the past 3 months, there have been 73 projects with funding amounts exceeding 10 million USD, mainly concentrated in prediction markets, payments, and RWA sectors.
Five major platforms including Kalshi jointly establish the Prediction Market Alliance, dedicated to compliant development of prediction markets
Crypto prices
More
