PAX Gold PAXG is a digital asset backed by real physical gold, designed to combine the security of gold ownership with the speed and flexibility of cryptocurrency. Launched in September 2019, its goal is to provide accessible, secure, and divisible exposure to gold through blockchain technology.
Who are the founders of PAXG?
The PAX Gold PAXG project was founded by Charles Cascarilla and Rich Teo, the visionary leaders behind Paxos Trust Company. Both have a rich background in financial services and blockchain technology, positioning themselves as pioneers in the asset-backed crypto sector with a strong focus on regulatory compliance, innovation, and user trust.
PAX Gold project milestones
- PAX Gold launch in 2019: PAX Gold PAXG was officially launched by Paxos Trust Company, enabling fractional physical gold ownership through a blockchain-based token.
- Regulatory approval by New York State Department of Financial Services: Paxos Trust Company received the green light to offer PAX Gold crypto, ensuring compliance and user security.
- Integration with major crypto exchanges: The PAX Gold coin was listed on key platforms, boosting liquidity, accessibility, and seamless PAXG swap opportunities.
- Expansion to DeFi protocols: PAXG coin was adopted by top DeFi applications, allowing lending, borrowing, and earning yield with gold-backed assets.
- Broadened custody solutions: Exclusive partnerships enabled secure storage, global access, and facilitated efficient PAX Gold swap and trading options worldwide.
Stay updated with the latest PAX Gold PAXG news, as any update may significantly affect the PAXG price.
Tokenomics of PAX Gold PAXG
PAX Gold PAXG is built on the Ethereum blockchain (ERC-20 standard), marrying traditional gold investment with modern cryptography and blockchain efficiency. Issued to grant investors fractional ownership in LBMA-accredited London Good Delivery gold bars, PAX Gold PAXG's scope of application ranges from trading on crypto exchanges to being used in decentralized finance. As a regulated asset-backed token, PAX Gold PAXG delivers instant settlements, transparency, and security linked directly to physical gold reserves. The current total supply of PAX Gold PAXG is consistently matched to the physical gold reserves held by Paxos Trust Company, allowing flexible, real-time asset management across the Ethereum network and other integrated blockchains. PAX Gold PAXG exchange services are available on numerous global platforms, making it one of the most liquid and accessible gold-backed tokens for both individuals and institutions alike.
How many PAX Gold PAXG coins are there in circulation?
The circulating supply of PAX Gold PAXG is directly linked to the amount of physical gold backing each token, ensuring that every PAXG coin in the market is matched by a corresponding ounce of London Good Delivery gold kept securely in Paxos’ vaults. This design maintains parity between digital and physical assets, supporting transparency and trust in every PAX Gold PAXG exchange and transaction.
Key features of PAX Gold PAXG
PAX Gold PAXG stands out by turning physical gold into an easily tradable digital token, positioning itself as an innovative bridge between blockchain and real-world assets. Here are its most important features:
- 100% physical gold backing: Every PAX Gold PAXG token represents one fine troy ounce of London Good Delivery gold, ensuring unwavering trust and real asset linkage.
- Fractional ownership: PAX Gold PAXG enables users to hold, transfer, and trade any amount of gold—from small fractions to multiple ounces—facilitating accessible gold investment for everyone.
- Full regulatory compliance: Issued by Paxos Trust Company, PAXG crypto strictly follows New York financial regulations, enriching the credibility of every PAX Gold exchange and investment process.
- Instant and borderless settlements: PAX Gold PAXG leverages blockchain to eliminate settlement delays and geographic barriers, ensuring fast, efficient, and low-cost transfers globally.
- Transparency and auditability: The PAX Gold PAXG supply and reserves are regularly audited and publicly reported, building confidence among institutional and retail investors alike.
These features collectively empower the PAX Gold Network to offer a digital gold ownership model that is secure, scalable, and designed for modern finance.
- PAX Gold PAXG coin use cases:
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- Hedging against inflation and volatility for both individuals and institutions
- Trading in crypto exchange markets as a stable, gold-backed asset
- Participating in DeFi lending and borrowing protocols using PAX Gold PAXG as collateral or reward
- Efficient international gold transfer and borderless remittances
- Simple PAXG swap and gold-backed payments in e-commerce or peer-to-peer transactions
The average fees on the PAX Gold Network
The average transaction fee for transferring PAX Gold PAXG across the Ethereum blockchain currently ranges from $2.00 to $10.00 USD, depending on network congestion and the wallet used. Most PAX Gold PAXG exchange platforms also charge a tiny spread or service fee in addition to normal blockchain gas costs.
The PAXG crypto wallets
- MetaMask: A popular web and mobile wallet for securely storing and swapping PAX Gold PAXG on Ethereum and other compatible networks.
- Trust Wallet: An easy-to-use, multi-asset crypto wallet supporting PAXG crypto and PAXG swap features for mobile users.
- Ledger Nano X: A leading hardware wallet offering cold storage and extra security for holding and managing PAX Gold PAXG tokens safely offline.
- Trezor Model T: Another reputable hardware wallet recognized for enhanced security and extensive support for PAX Gold PAXG and other ERC-20 tokens.
- Exodus: A desktop and mobile wallet that provides intuitive access and integrated PAXG coin portfolio management with built-in PAX Gold swap capabilities.
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