PAXG
PAX Gold
$4,516.70
0.41%
PAX Gold
PAXG
$4,516.70
0.41%
PAX Gold Price Converter
PAX Gold Information
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PAX Gold Markets
About PAX Gold
PAXG is a digital asset that represents physical gold stored in a vault, each token representing one troy ounce of a 400 oz London Good Delivery gold bar. It is built on the Ethereum blockchain and issued by Paxos Trust Company, a regulated financial institution and custodian of the physical gold. PAXG is primarily used as a way for investors to invest in and hold gold in a digital form, and it can be traded on various exchanges. It can also be used as collateral for loans and other financial services within the cryptocurrency and blockchain ecosystem, and Paxos Trust Company has developed institutional-grade APIs and solutions for businesses and developers who want to use PAXG and other Paxos assets in their applications.
PAXG is a digital asset that represents physical gold stored in a vault. Each token represents one troy ounce of a 400 oz London Good Delivery gold bar, and the value of PAXG is directly tied to the market price of gold. PAXG is built on the Ethereum blockchain and is issued by Paxos Trust Company, a regulated financial institution that serves as the custodian of the physical gold backing the PAXG tokens.
PAXG was created by Paxos Trust Company, which was founded in 2012 as itBit Trust Company. The company is based in New York and has since expanded to offer a range of blockchain-based financial services, including PAXG.
PAXG is primarily used as a digital asset that represents physical gold, allowing users to invest in and hold gold in a digital form. PAXG can be traded like any other cryptocurrency on various exchanges and can be redeemed for physical gold. This makes it a convenient way for investors to gain exposure to gold without having to purchase and store physical gold themselves.
In addition, PAXG can be used as collateral for loans and other financial services within the cryptocurrency and blockchain ecosystem. Paxos Trust Company has also developed a range of institutional-grade APIs and solutions for businesses and developers who want to use PAXG and other Paxos assets in their applications.
Overall, PAXG provides a secure and transparent way for investors to hold and invest in physical gold through a digital asset that is built on the Ethereum blockchain and issued by a regulated financial institution.
