PAX Gold

PAXG Launched 2019 source

What this page is: neutral, sourced facts about PAX Gold. Every line links where it was checked. 10 facts, 5 from primary sources. Educational, not financial advice.

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Launch

Pax Gold (PAXG) is a gold-backed cryptocurrency launched by the creators of Paxos Standard (PAX) in September 2019. secondary source source

Founders and creators

PAXG is issued by Paxos under the regulatory oversight of the OCC. primary source source
PAXG is issued by Paxos under the regulatory oversight of the OCC. primary source source

Origin story

According to the official whitepaper, Pax Gold was created to allow investors to buy indefinitely small amounts of gold, virtually eliminating minimum buy limits. secondary source source

Stated purpose

One token represents one fine troy ounce of a London Good Delivery gold bar. secondary source source
PAXG is an asset-backed token where one token should represent one fine troy ounce of a London Good Delivery gold bar, stored in professional vault facilities. secondary source source

Consensus mechanism

Pax Gold is an ERC-20 token operating on the Ethereum blockchain. secondary source source

Supply model

Every PAXG token is backed by one fine troy ounce of London Good Delivery gold held in custody by Paxos Trust Company, N.A. primary source source

Main uses today

PAXG is always redeemable for physical gold, unallocated Loco London Gold or USD at prevailing market prices. primary source source

Key milestones

Paxos describes PAXG as the largest gold token with federal oversight, under regulatory supervision since 2019. primary source source

Sources & studies

Last checked: 2026-11-04 · Prices, market caps and circulating supply are left out on purpose because they change by the minute. Educational, not financial advice.

Education only, not financial advice. No signals. Backtests are hypothetical: real trading can be worse. Past results don't predict future results.