Pax Gold (PAXG) is a tokenized asset issued by Paxos Trust Company and backed by physical gold. Each PAXG token is backed 1:1 by one fine troy ounce of London Bullion Market Association (LBMA) accredited gold, stored in professional vaults and held in custody by Paxos. Ownership of PAXG represents direct legal ownership of the underlying physical gold, providing exposure through blockchain-based settlement without the logistical burden of physical possession. Through tokenization, PAXG offers a cost-efficient and transparent method of gold investment. Tokens are divisible down to 18 decimal places, allowing for fractional ownership with a minimum trade size of 0.01 troy ounces. Transactions settle on-chain 24/7, with pricing tracking the real-time XAU/USD spot market.
Categories
StablecoinCommodity-backed stablecoinGoldReal World Asset (RWA)
Pax Gold (PAXG) is a tokenized asset issued by Paxos Trust Company and backed by physical gold. Each PAXG token is backed 1:1 by one fine troy ounce of London Bullion Market Association (LBMA) accredited gold, stored in professional vaults and held in custody by Paxos. Ownership of PAXG represents direct legal ownership of the underlying physical gold, providing exposure through blockchain-based settlement without the logistical burden of physical possession. Through tokenization, PAXG offers a cost-efficient and transparent method of gold investment. Tokens are divisible down to 18 decimal places, allowing for fractional ownership with a minimum trade size of 0.01 troy ounces. Transactions settle on-chain 24/7, with pricing tracking the real-time XAU/USD spot market.
Categories
StablecoinCommodity-backed stablecoinGoldReal World Asset (RWA)
