Current rate

PAX Gold, symbolized as PAXG, is a unique digital asset that tokenizes physical gold, offering a secure and convenient way to own and trade fractions of real-world gold on the blockchain. Issued by Paxos Trust Company, a regulated financial institution, PAXG stands out for its strong regulatory compliance and transparency, providing a high degree of assurance to its holders. Each PAXG token is directly redeemable for a specific amount of physical gold, specifically one troy ounce of a 400-ounce London Good Delivery gold bar, held in secure, high-quality vaults in London. This direct backing by allocated physical gold ensures that PAXG holders have direct ownership rights to the underlying asset, combining the benefits of traditional gold ownership with the efficiency of blockchain technology.The primary appeal of PAXG lies in its ability to bring the stability and investment appeal of physical gold into the digital asset space. Investors can gain exposure to gold’s market movements without the complexities of physical storage, insurance, or transfer associated with traditional gold bullion. The token is divisible into very small units, allowing for fractional ownership of gold bars, making it accessible to a broader range of investors who might not be able to purchase full gold bars. Furthermore, PAXG offers enhanced liquidity compared to physical gold, as it can be traded on various cryptocurrency exchanges 24/7, enabling quick and efficient transactions.Paxos ensures the integrity and backing of PAXG through regular audits conducted by a top auditing firm, verifying that the amount of gold held in reserve precisely matches the number of PAXG tokens in circulation. This commitment to verifiability and regulatory oversight distinguishes PAXG as a trustworthy digital representation of gold. Holders of PAXG can easily verify the serial number and characteristics of their allocated gold bar by entering their Ethereum wallet address on the Paxos website. Beyond simply holding, PAXG can be used in decentralized finance applications, facilitating lending, borrowing, and yield generation against a stable, tangible asset. PAX Gold bridges the gap between traditional precious metal markets and the rapidly evolving digital asset economy, providing a secure, liquid, and accessible investment vehicle for gold.