PAX Gold (PAXG) is a unique cryptocurrency backed by physical reserves of gold. Each PAXG token represents one fine troy ounce of a London good delivery gold bar, safely stored in professional vault facilities. This means that owning $PAXG gives you ownership rights to the equivalent amount of physical gold held by the Paxos Trust Company.

Launched in September 2019, PAXG operates as an ERC-20 token on the Ethereum blockchain, making it easily tradable on various cryptocurrency exchange platforms³. It is a way for investors to gain exposure to gold without the need to physically store or manage the gold.$PAXG