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A digital token, backed by physical gold
PAXG offers investors a cost-effective way to own investment-grade physical gold with all the benefits of the blockchain. Each Pax Gold (PAXG) token is backed by one fine troy ounce of gold, stored in LBMA vaults in London. If you own PAXG, you own the underlying physical gold, held in custody by Paxos Trust Company.
Cost-efficient
Paxos offers PAXG at a lower cost structure than that of other gold tokens, gold ETFs and LBMA 400 t oz bars, with a low minimum purchase amount and zero storage fees.
Secure and regulated
The allocated gold that backs PAXG is custodied in LBMA vaults and audited monthly. Paxos is a trust company and custodian regulated by the Office of the Comptroller of the Currency (OCC).
No settlement risk
Purchasing PAXG is free from settlement and credit risk, with near instantaneous settlement in addition to T+2 (versus only T+2 for Gold ETFs and LBMA bars).
Redeemable
PAXG is the only gold token you can redeem for LBMA-accredited Good Delivery gold bullion bars. Institutional customers can also redeem for unallocated Loco London Gold. Redeem for USD at current gold market prices at any time.
Pax Gold Onesheet
Download our one sheet for institutional investors.
Pax Gold White Paper
Learn more about Pax Gold in our white paper.
FAQ
Review frequently asked questions about Pax Gold (PAXG). For more information view the Pax Gold (PAXG) user guide.
What is Pax Gold (PAXG)?
Pax Gold (PAXG) is an asset-backed token where one token represents 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. 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/pax-gold.
What is the benefit of having physical assets on a blockchain?
How much gold is backing the total supply of Pax Gold (PAXG)?
Can I get a fractional amount of a Pax Gold (PAXG) token?
What does allocated and unallocated gold mean?
What are the fees associated with Pax Gold?
Where can I purchase PAXG?
PAXG is currently unavailable in the EU
Contact Us
Are you an institutional investor seeking to purchase PAXG? Please contact our sales team.
If you are an existing customer, visit the support center.
