PAX Gold is an asset-backed token where one token should represent one fine troy ounce of a London Good Delivery gold bar, stored in professional vault facilities.
- What is Pax Gold?
PAX Gold (PAXG) is an asset-backed token where one token should represent 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.
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/paxgold.
- How was PAX Gold Launched?
Sept. 5, 2019, PAX Gold was launched by Paxos Trust Company.
PAX Gold (Ethereum ticker: PAXG), the first crypto-asset redeemable for physical gold.
The New York State Department of Financial Services (NYDFS) has approved Paxos to issue PAX Gold, making PAX Gold the first regulated digital gold product.
- Who is the Team behind PAX Gold?
Paxos Trust Company, a regulated financial institution that digitizes and mobilizes assets.
Charles Cascarilla, CEO and Co-Founder of Paxos.