Tokenized gold · Full profile
Pax Gold PAXG
A token that each represents one troy ounce of physical gold.
Real market price · as of 18:12 GST
Backing & custody. The gold behind PAXG is held by Paxos, a New York-regulated trust company, in LBMA-accredited vaults, with the bar list published. Your PAXG is only as good as that custodian and its vaulting arrangements — a tokenized claim on metal, not the metal in your own possession.
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What it is
Pax Gold (PAXG) is a token where each unit represents ownership of one fine troy ounce of physical gold, so its price tracks the gold market. It lets people hold gold exposure on a blockchain.
How it works
The issuer, Paxos, holds allocated London Good Delivery gold bars in professional vaults, and each PAXG is a claim on that metal. Holders of enough PAXG can, in principle, redeem for physical gold or its cash value.
Why it matters
PAXG bridges the oldest store of value — gold — and the newest rails. It is distinct from "spot gold" prices: it is a specific company's tokenized claim on specific bars, not the metals market in the abstract.
Official website → external · the project's own site
Honest risk note
PAXG carries the price risk of gold plus the counterparty risk of its issuer and custodian. It is not the same as holding physical gold yourself, and redemption is subject to the issuer's terms and minimums.
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Data provided by CoinGecko, served from our own cache · snapshot as of 18:12 GST. Reference market price only — not an offer to transact and not financial advice. Position, never prediction. See our Methodology and Editorial Policy.