About PAX Gold

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...