PAX Gold
PAX Gold (PAXG) is an asset-backed token, with each token intended to represent one fine troy ounce of a London Good Delivery gold bar, which is stored in professional vault facilities. Anyone who owns PAXG has ownership rights to this gold, which is held in custody by Paxos Trust Company. Since PAXG represents physical gold, its value is directly linked to the real-time market value of that physical gold.PAXG enables customers to enjoy the benefits of actual ownership of specified gold bars with the speed and flexibility of digital assets. Customers can hold fractional ownership interests in physical gold bars. On the Paxos platform, customers can quickly and efficiently exchange tokens for allocated gold, unallocated gold, or fiat currency (and vice versa), thereby reducing settlement risk exposure.PAXG can also be traded on Paxos’s itBit exchange.PAXG will also be available on other crypto asset exchanges, wallets, lending platforms, and elsewhere within the crypto ecosystem.PAXG holders can, at any time, simply enter their Paxos.com/paxgold on the PAXG query tool to check the serial number, value, and physical characteristics of their vault gold by entering their Ethereum wallet address.
Overview
PAX Gold (PAXG) is an asset-backed token, with each token intended to represent one fine troy ounce of a London Good Delivery gold bar, which is stored in professional vault facilities. Anyone who owns PAXG has ownership rights to this gold, which is held in custody by Paxos Trust Company. Since PAXG represents physical gold, its value is directly linked to the real-time market value of that physical gold.PAXG enables customers to enjoy the benefits of actual ownership of specified gold bars with the speed and flexibility of digital assets. Customers can hold fractional ownership interests in physical gold bars. On the Paxos platform, customers can quickly and efficiently exchange tokens for allocated gold, unallocated gold, or fiat currency (and vice versa), thereby reducing settlement risk exposure.PAXG can also be traded on Paxos’s itBit exchange.PAXG will also be available on other crypto asset exchanges, wallets, lending platforms, and elsewhere within the crypto ecosystem.PAXG holders can, at any time, simply enter their Paxos.com/paxgold on the PAXG query tool to check the serial number, value, and physical characteristics of their vault gold by entering their Ethereum wallet address.