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Tokenized Gold
PAXG (Paxos Gold)
Paxos-issued gold token, 1 PAXG = 1 troy ounce held in LBMA-vault
What is PAXG (Paxos Gold)?
ERC-20 token by Paxos Trust Company (NY-regulated). Each PAXG backed 1:1 by London Good Delivery gold in LBMA-vault. Holders can redeem for physical gold (Brink's NY) or USD. 18 decimals.
Context anchor
~700M USD market cap (~3× XAUT), Ethereum-only, US-regulated issuer
Example
278 PAXG to Binance ($1.26M at spot) signals gold being readied for sale on a CEX.
Also known as
pax-goldpax_goldpaxos-gold