PAX Gold (PAXG)

The token brings a traditional safe-haven asset onto blockchain rails. Because PAXG exists as an Ethereum-based digital asset, it can be transferred, traded, divided into small fractions, or used across supported crypto platforms more easily than a physical gold bar. Its market value is therefore closely tied to the spot price of gold, while its token format makes it accessible to users who want digital settlement and 24/7 crypto-market availability.

Paxos provides tools that allow holders to identify details of the gold associated with their tokens, including bar information through its PAXG lookup service. On the Paxos platform, eligible customers can convert between PAXG, allocated gold, unallocated gold, and fiat currency, subject to the platform’s terms and regulatory requirements. PAXG is also listed on a range of exchanges and can be held in compatible wallets.

The asset sits at the intersection of tokenised real-world assets and precious metals investing. Its main use case is offering blockchain-native exposure to physical gold without requiring investors to arrange storage, transport, or insurance themselves. As with other custodial tokenised assets, users rely on the issuer’s reserve management, redemption process, and regulatory framework.