PAX GoldPAXG

About PAX Gold (PAXG)

PAX Gold (PAXG) is a regulated digital asset where each token is backed by one fine troy ounce of gold stored in LBMA-accredited London vaults. Issued by Paxos Trust Company, it combines gold's stability with the efficiency of blockchain settlement.

How PAX Gold Prices Are Determined

PAX Gold prices are determined by supply and demand across global cryptocurrency exchanges. Key factors include trading volume, market sentiment, regulatory developments, technological upgrades, and macroeconomic conditions. Prices can vary between exchanges due to liquidity differences and regional demand.

Frequently Asked Questions

What is PAX Gold?

PAX Gold (PAXG) is a digital asset issued by Paxos Trust Company, a New York-regulated financial institution. Each PAXG token represents one fine troy ounce of a London Good Delivery gold bar stored in Brink's vaults in London. It is one of the most regulated gold-backed tokens.

How is PAXG regulated?

PAXG is issued by Paxos Trust Company, regulated by the New York State Department of Financial Services (NYDFS). Paxos holds gold reserves equal to the PAXG supply, publishes monthly attestation reports by independent auditors, and maintains full regulatory compliance.

How does PAXG compare to XAUT (Tether Gold)?

Both represent one troy ounce of gold, but PAXG is issued by a NYDFS-regulated trust company (Paxos) while XAUT is issued by TG Commodities Limited. PAXG holders can redeem for physical gold bars through Paxos. Both tokens enable 24/7 gold trading on blockchain.