PAX Gold (PAXG)
A digital asset backed by allocated physical gold.
PAX Gold bridges the gap between traditional commodities and blockchain by representing ownership of physical gold stored in professional vaults.
Each token equals one fine troy ounce of gold, redeemable for physical delivery or tradable on-chain like any other cryptocurrency.
Below is live market data retrieved from the CoinGecko API.
PAX Gold (PAXG) Live Data
Live data temporarily unavailable.
Project Overview
PAX Gold allows investors to hold gold in tokenized form without the complexity of physical custody. It combines the stability of gold with the speed and transparency of blockchain transactions. The asset is issued by Paxos Trust Company, a regulated financial institution in New York, ensuring that each token is fully backed by real gold reserves.
The project targets users who seek exposure to gold prices while staying within the crypto ecosystem. It can be transferred, used as collateral, or held as a long-term hedge against market volatility.
Key Insights
PAX Gold has become one of the most reliable tokenized commodities in the market. It provides a unique combination of on-chain liquidity and real-world asset backing. Unlike stablecoins pegged to fiat currencies, PAXG gives investors direct exposure to the gold price, enabling diversification away from the U.S. dollar. The token’s transparency and regulatory framework make it appealing for both retail and institutional users. PAXG can be traded on major exchanges, integrated into DeFi platforms, or redeemed for physical gold bars from LBMA-certified vaults. It stands as a bridge between traditional finance and decentralized markets, proving that real-world assets can exist securely on-chain.
Common Questions About PAX Gold
1. Is each PAXG backed by real gold?
Yes. Each token represents one fine troy ounce of gold stored in professional vaults.
2. Can PAXG be redeemed for physical gold?
Yes, holders can redeem it directly through Paxos or its authorized partners.
3. Is PAXG a stablecoin?
Not exactly. It tracks the market price of gold rather than being pegged to fiat.
4. Where is the gold stored?
In LBMA-certified vaults located primarily in London.
Market Context
Tokenized commodities like PAXG are becoming more popular as investors look for on-chain exposure to real-world assets. During market uncertainty, gold-backed tokens often gain traction as safer stores of value. As stablecoins and tokenized bonds expand, assets like PAXG play a key role in connecting traditional finance with blockchain liquidity. Its performance typically mirrors global demand for gold, offering a low-volatility option within crypto portfolios.