PAX Gold: Digital gold, backed by physical gold reserves.
PAX Gold (PAXG) is a digital gold token, 100% backed by physical gold reserves held by Paxos in London vaults.
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What is PAX Gold (PAXG)?
PAX Gold (PAXG) is a digital asset representing gold, functioning as an ERC-20 token. Fully backed by physical gold stored securely in vaults managed by Paxos Trust Company in London, UK, each PAXG token corresponds to one fine troy ounce of London Good Delivery gold bullion. Paxos, the company behind PAXG, was founded in 2012 by Charles Cascarilla and Rich Teo. It is a regulated financial technology firm with the goal of modernizing finance by building infrastructure to simplify the transfer of physical and digital assets. Paxos was the first virtual currency company to obtain a charter from the New York State Department of Financial Services. In 2018, it launched Paxos Standard (PAX), a digital asset backed 1:1 with US dollars held in US bank accounts. PAXG was introduced in 2019, offeri...
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PAX Gold price live information
As of now, PAX Gold is trading at 3 374.96 USD, with a 24-hour trading volume of approximately 1.74M USD. The PAXG to USD price is updated in real time. Over the past 24 hours, PAX Gold has increased by 1.1%. It remains the top-ranked cryptocurrency on CMC.IO, with a market capitalization of about 802.40M USD. Currently, there are 237 751.404 PAXG in circulation out of a maximum supply of 237 751.404 PAXG.
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