Remove html from the following text : PAX Gold (PAXG) is a digital version of gold operating as an ERC-20 token. It is 100% backed by physical gold reserves. Reserves are held in custody by Paxos Trust Company in secure Brinks vaults in London, UK. One PAXG token is backed by one fine troy ounce (t oz) of a 400 oz London Good Delivery gold bullion bar. The company behind PAXG, Paxos was co-founded in 2012 by Charles Cascarilla, the current CEO, and Rich Teo. It is a for-profit regulated financial technology company that aims to modernize finance by building infrastructure to reduce the barriers in the movement between physical and digital assets. It was the first virtual currency company to receive a charter from the New York State Department of Financial Services. In 2018 it released its ...
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