PAX Gold

PAX Gold (PAXG) is a digital asset backed by physical gold. Each PAXG token represents one fine troy ounce of a London Good Delivery gold bar stored in secure vault facilities. PAXG token holders have ownership rights to the gold under the custody of Paxos Trust Company. The token's value is directly tied to the real-time market value of the physical gold it represents, offering the benefits of physical gold ownership and a digital asset's efficiency and mobility. PAXG is designed to combine the qualities of traditional gold investment with the advantages of blockchain technology, such as divisibility, fungibility, and traceability, without the high storage costs and limited transportability of physical gold.