PAX Gold PAXG

Pax Gold (PAXG) is a tokenized form of gold where each token represents ownership of one fine troy ounce of a London Good Delivery gold bar. The physical gold is securely stored in professional vault facilities under the custody of Paxos Trust Company. PAXG allows for the benefits of owning physical gold, such as legal ownership and value tied to real-time market prices, while also offering the divisibility, fungibility, and tradability of a digital asset.

PAX Gold (PAXG) is unique compared to other cryptocurrencies because it is an asset-backed token that represents ownership of physical gold. Each PAXG token is backed by one fine troy ounce of a London Good Delivery gold bar, stored in professional vault facilities. This means that PAXG has a direct correlation to the real-time market value of physical gold. Additionally, PAXG combines the advantages of physical gold, such as legal ownership and intrinsic value, with the divisibility, fungibility, and tradability of digital assets like Bitcoin. This makes PAXG a unique hybrid of physical and digital assets.