PAXG vaults
About Pax Gold
Pax Gold (PAXG) is a gold-backed token issued by Paxos, where each token represents one fine troy ounce of LBMA-certified physical gold stored in Brink's vaults in London. PAXG is regulated by the New York State Department of Financial Services and enables fractional ownership of physical gold on blockchain.
PAXG is issued by Paxos on Ethereum. Each token is backed 1:1 by one fine troy ounce of physical gold bar held in LBMA-accredited vaults in London, operated by Brink's.
Key properties
- 1 PAXG = 1 fine troy ounce of LBMA-certified London Good Delivery gold bar
- Regulated by the New York State Department of Financial Services (NYDFS)
- Gold is audited and verifiable on-chain
- Redeemable for allocated gold bars or cash at Paxos
- Proxy contract with upgradeable implementation
Status
Active on Ethereum with approximately $2.5 billion market cap and 83,000+ holders as of early 2025. PAXG is listed on major centralised and decentralised exchanges.
Note: PAXG is a commodity-backed token, not a fiat-pegged stablecoin, though it is widely used in DeFi as a stable-value asset.
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