Pax Gold (PAXG)

Overview

PAX Gold (PAXG) is an asset-backed token where one token should represent one fine troy ounce of a London Good Delivery gold bar, stored in professional vault facilities. Anyone who owns PAXG has ownership rights to that gold under the custody of Paxos Trust Company. Since PAXG represents physical gold, its value is tied directly to the real-time market value of that physical gold. PAXG gives customers the benefits of actual physical ownership of specific gold bars with the speed and mobility of a digital asset. Customers are able to have fractional ownership of physical bars. On the Paxos platform, customers can convert their tokens to allocated gold, unallocated gold, or fiat currency (and vice versa) quickly and efficiently, reducing their exposure to settlement risk. PAXG is also available for trading on Paxos’ itBit exchange. PAXG will also be available on other crypto-asset exchanges, wallets, lending platforms and elsewhere within the crypto ecosystem. At any time, PAXG holders can lookup the serial number, value and physical characteristics of their vaulted gold just by entering their Ethereum wallet address on the PAXG lookup tool on Paxos.com/paxgold.

This overview is imported from market-data provider metadata. Project claims should be checked against the linked documentation and on-chain evidence.

Identity

Name: PAX Gold
Symbol: PAXG
Provider-listed chain: ethereum

Names and ticker symbols are not unique. Match the network and contract address against the project's documentation and a block explorer before identifying a token.

Sources and further reading

A provider listing establishes how the asset is catalogued; it does not independently verify project claims or endorse the asset.

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The token and the underlying asset

Paxos describes PAXG as tokenized allocated gold held in professional vaults. The token can move through supported blockchain infrastructure, while custody of the metal and the legal arrangements remain off-chain. This creates two records to understand: the on-chain token balance and the issuer's record of the holder's claim on gold. It is different from a cryptocurrency whose value arises without a claim on a separately stored physical asset.

What ownership verification involves

The issuer provides product documents and tools for examining gold allocation associated with supported on-chain holdings. A holder using an exchange may instead have a contractual claim against that exchange, which adds another custody relationship. ERC-20 compatibility describes how a token can expose transfers and balances on Ethereum; it does not establish that the corresponding bars exist. Allocation information, reserve reporting, legal terms, and the smart contract answer different questions.

Gold exposure is not dollar stability

If gold rises or falls in dollar terms, a gold-linked token is expected to reflect that movement rather than remain at one dollar. Market spreads, fees, eligibility checks, minimum redemption amounts, and settlement arrangements can affect conversion into metal or cash. As an illustrative distinction, owning half a token need not mean a vault will ship half an ounce on demand. Check the issuer's current redemption conditions and distinguish a reserve attestation from a guarantee against every operational or legal risk.

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Overview

Overview

Identity

Sources and further reading

The token and the underlying asset

What ownership verification involves

Gold exposure is not dollar stability

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