PAX Gold (PAXG) is a digital asset backed by physical gold, offering investors a unique way to hold gold on the blockchain. Each PAXG token is backed by one fine troy ounce of gold stored in secure, London Good Delivery vaults. This ensures that every token is fully redeemable for physical gold while providing the flexibility and speed of a cryptocurrency.
Built on the Ethereum network, PAXG enables fractional ownership, allowing users to invest in gold without needing to purchase or store whole bars. The token can be traded 24/7 like any other cryptocurrency and is often seen as a stable alternative during market volatility. Unlike traditional gold investments, PAXG offers instant settlement and low storage costs while maintaining transparency and regular audits.
As global interest in asset-backed tokens continues to rise, PAXG serves as a bridge between traditional commodities and modern finance, combining the long-standing value of gold with the efficiency of blockchain technology.
