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PAX Gold
PAX Gold PAXG
PAX Gold (PAXG) is a regulated, commodity-backed cryptocurrency that represents direct physical ownership of high-grade gold bullion. Issued by the Paxos Trust Company, each digital token is backed at a 1:1 ratio by exactly one fine troy ounce of a 400-ounce London Good Delivery gold bar stored in secure, professional vaults.
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Overview
What is PAX Gold?
PAX Gold (PAXG) is a regulated, gold-backed cryptocurrency that represents direct physical ownership of investment-grade gold bullion. Issued by the Paxos Trust Company, each digital token is backed at a strict 1:1 ratio by exactly one fine troy ounce of a 400-ounce London Good Delivery gold bar.
Why it matters
It bridges traditional safe-haven investing with modern blockchain rail efficiency to democratize gold ownership. PAXG allows investors of all sizes to bypass the high costs, storage headaches, and physical transport security risks associated with physical gold. It provides a highly liquid asset that can be traded or transferred globally 24/7.
Key features
Sovereign Vault Storage: The underlying physical gold bars are securely stored in professional, institutional vaults managed by Brink's in London. Granular Serial Tracking: Token holders can use the official Paxos website to look up the specific serial number and characteristics of their allocated physical gold bar.
Token utility
The primary use of PAXG is to act as a stable, low-volatility digital store of value that naturally hedges portfolios against inflation. It is also heavily utilized across decentralized finance (DeFi) networks as reliable, high-quality collateral for lending and borrowing. It allows traders to quickly rotate out of volatile crypto assets without exiting the blockchain ecosystem.
Ecosystem notes
PAXG operates natively as an ERC-20 smart contract token on the Ethereum blockchain, making it highly compatible across major Web3 wallets and global crypto exchanges. It is fully authorized and comprehensively supervised under the trust charter of the New York State Department of Financial Services (NYDFS), providing an institutional layer of consumer protection.
Risks / considerations
Centralization Trust: Investors must fully rely on the integrity of the Paxos Trust Company and third-party vault keepers to securely hold and maintain the physical asset reserves.No Yield Generation: Like physical bullion, the token itself does not generate passive interest or dividend payments simply by being held in a wallet.
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Asset FAQ
Who founded PAX Gold?
PAX Gold (PAXG) was founded and launched by Charles Cascarilla and Rich Teo, the co-founders of the financial technology institution Paxos Trust Company.
