PAX Gold
Asset Issuer
Paxos
Asset Platform
Kraken
Asset Name
PAX Gold
Asset Class
Stablecoin
Asset Type
Stablecoin
Asset Abbreviation
PAXG
Asset Fraction Price
$3,661 (variable)
Asset Fraction Yield
-
Asset Fraction Maturity
-
Min. Investment Size
-
Asset Fraction Sale End Date
Asset
Valuation
Category
Description
PAXG offers investors a cost-effective way to own investment-grade physical gold with all the benefits of the blockchain. Each Pax Gold (PAXG) token is backed by one fine troy ounce of gold, stored in LBMA vaults in London. If you own PAXG, you own the underlying physical gold, held in custody by Paxos Trust Company.
Features
Cost-efficient
Paxos offers PAXG at a lower cost structure than that of other gold tokens, gold ETFs and LBMA 400 t oz bars, with a low minimum purchase amount and zero storage fees.
Secure and regulated
The allocated gold that backs PAXG is custodied in LBMA vaults and audited monthly. Paxos is a trust company and custodian regulated by the New York State Department of Financial Services.
No settlement risk
Purchasing PAXG is free from settlement and credit risk, with near instantaneous settlement in addition to T+2 (versus only T+2 for Gold ETFs and LBMA bars).
Redeemable
PAXG is the only gold token you can redeem for LBMA-accredited Good Delivery gold bullion bars. Institutional customers can also redeem for unallocated Loco London Gold. Redeem for USD at current gold market prices at any time.