#PAXGold What is PAX Gold about? 💴

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PAX Gold (PAXG) is an asset-backed token, where each token represents one fine troy ounce of a London Good Delivery gold bar, stored in professional vaults.

Anyone who owns PAXG has ownership rights over that gold 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.

Source: CoinGecko