Paxos co-founder Chad Cascarilla: Paxos has filed with the SEC to become a liquidation firm.

According to Odaily, Paxos co-founder Chad Cascarilla stated that Paxos has applied to the SEC to become a liquidation firm. This move will allow Paxos to directly hold bonds and stocks and issue them natively on-chain, thus allowing users to hold the actual underlying assets rather than derivatives.