About PAX Gold
PAX Gold (PAXG) is a gold-backed digital asset issued by Paxos Trust Company, a regulated New York Trust company supervised by the New York Department of Financial Services. Each PAXG token represents ownership of one fine troy ounce of London Good Delivery gold stored in LBMA-accredited vaults in London. PAXG gives crypto users a regulated, on-chain way to hold physical gold without managing storage, insurance, or shipment themselves.
PAXG is an ERC-20 token, with each individual gold bar's serial number, refiner, and weight published by Paxos. Holders can verify their backing on the issuer's website and, if they meet minimum size requirements and KYC checks, can redeem PAXG for unallocated gold, allocated bars, or US dollars through Paxos's redemption process. PAXG can also be moved freely on-chain like any other ERC-20 asset.
PAXG is supported by major centralized exchanges and self-custody wallets, and is integrated into a number of DeFi protocols that accept commodity-backed assets as collateral or trading pairs. It sits within a broader category of tokenized gold products including Tether Gold (XAUT) and central-bank-backed gold initiatives, giving on-chain users multiple options for digital exposure to physical bullion.
Crypto Market Watch tracks the live PAX Gold price ranked #42 by market capitalisation, 24-hour and 7-day price changes, market capitalisation, trading volume, circulating supply, and all-time highs and lows on this page. Data refreshes continuously throughout the trading day so investors can monitor PAXG market activity in real time.
