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About PAX Gold
PAX Gold (PAXG) is an asset-backed ERC-20 token where each token represents one fine troy ounce of a London Good Delivery gold bar, stored in professional vault facilities. Issued by Paxos Trust Company, PAXG provides holders with ownership rights to physical gold with the liquidity and speed of a digital asset. It is the only gold token redeemable for LBMA-accredited Good Delivery gold bullion bars. Its value is tied directly to the real-time market value of physical gold, allowing for fractional ownership and efficient trading within the crypto ecosystem.
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