PAX Gold

About PAX Gold

PAX Gold (PAXG) is an asset-backed token where one token is intended to represent one fine troy ounce of a London Good Delivery gold bar, held in professional vault facilities. Ownership of PAXG carries ownership rights to the corresponding gold under the custody of Paxos Trust Company, and because it represents physical gold, its value is tied directly to the real-time market value of that gold. PAXG aims to give holders the benefits of physical gold ownership with the speed and mobility of a digital asset, including fractional ownership of physical bars. On the Paxos platform, customers can convert tokens to allocated gold, unallocated gold, or fiat currency (and vice versa), which the source describes as reducing exposure to settlement risk. PAXG is available for trading on Paxos' itBit exchange and is stated to be available on other crypto-asset exchanges, wallets, and lending platforms. Holders can look up the serial number, value, and physical characteristics of their vaulted gold by entering their Ethereum wallet address on the PAXG lookup tool at Paxos.com/paxgold.

• One PAXG token is intended to represent one fine troy ounce of a London Good Delivery gold bar.
• The underlying gold is stored in professional vault facilities under the custody of Paxos Trust Company.
• Holders can verify the serial number, value, and physical characteristics of their vaulted gold via a lookup tool using their Ethereum wallet address.
• PAXG supports fractional ownership of physical gold bars.
• PAXG is listed under categories including Tokenized Gold, Real World Assets (RWA), and Paxos Ecosystem.