What is PAX Gold?

PAX Gold (PAXG) is an asset-backed token representing one fine troy ounce of a London Good Delivery gold bar, which is securely stored in professional vaults managed by Paxos Trust Company. The value of PAXG is directly linked to the market value of the physical gold it represents, allowing token holders to have ownership rights over the gold in custody.

PAXG enables fractional ownership of physical gold bars and offers the flexibility to convert tokens into allocated gold, unallocated gold, or fiat currency through the Paxos platform. It is available for trading on the itBit exchange and other crypto-asset exchanges, wallets, and lending platforms. Token holders can verify the details of their physical gold by entering their Ethereum wallet address into a specific lookup tool.