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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.

Details

Asset Platform URL

https://www.kraken.com

Asset Location

United States

Regulatory Jurisdiction

-

Asset Fraction Type

Stablecoin

Asset Standard

ERC-20, SPL, BSC

Blockchain Network

Ethereum, Solana, BNB Smart Chain

Total Asset Fraction Supply

290,000 PAXG

Asset Fraction Sale Allocation

-

Total Asset Fractions Sold (So Far)

-

Max. Investment Size

-

Asset Fraction Sale Start Date

Assesment/Rating Provider

Assesment/Rating

Assessment/Rating Proof

Asset Insurance

Financial Statements

Financial Audits

Asset Valuation

Asset Valuation Documentation

$1.06B

$1.06B

Asset Ownership Structure

Company Registration

License or Regulatory Framework

Smart Contract

Smart Contract Audit

Whitepaper

Relevant External Links

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