PAXG

PAX Gold (PAXG) is an ERC-20 token built on the Ethereum blockchain that represents physical gold stored in professional vault facilities. Each PAXG token is backed by one fine troy ounce of London Good Delivery gold, with reserves audited regularly to ensure full backing. Issued by Paxos Trust Company, a regulated financial institution, PAXG enables users to hold and transfer gold digitally while maintaining the security of physical precious metal ownership. The token facilitates fractional ownership of gold, allowing investors to buy, sell, and trade gold on decentralized exchanges and compatible wallets without the logistical complexities of handling physical bullion. PAXG is notable for bridging traditional commodity markets with blockchain technology, offering transparency through verifiable audits and the ability to settle gold transactions with the speed and efficiency of cryptocurrency transfers. The token serves investors seeking gold exposure with the convenience of digital assets, as well as those looking to use gold as collateral in decentralized finance protocols.