$PAXG PAX Gold is ERC-20 tokens created by the Paxos Trust Company. It is fully collateralized by gold bars which are stored in Brinks vaults and are part of the LBMA accredited gold bars.
Paxos Gold issues each gold token for one ounces of gold and therefore ownership is legally linked to the physical gold bar. Out of all the Weird Crypto Alternatives to Owning Physical Gold, PAXG stands out for its instant settlement, fractional ownership, and ease of global transport.
