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Paxos is a trust company and custodian, regulated by the New York State Department of Financial Services . PAXG is also approved and regulated by the DFS and fully-backed by allocated gold held in the most secure, leading vaults in the world.

Paxos Gold (PAXG) is a crypto asset backed by real gold reserves held by Paxos, a for-profit company based in New York . Each PAXG token is redeemable for 1 troy fine ounce of gold custodied in vaults by Paxos and its partners, and its market value is meant to mirror the physical gold it represents.

PAX Gold Price Prediction for 2023 In their PAX Gold price predictions for 2023, PricePrediction. net’s forecasts the coin’s price to go above $2324.148 by December . Forecasting PAX Gold’s future, WalletInvestor expects further growth, too, saying the PAX Gold price will reach ~$2634.0344 by that time.

PAX Gold (PAXG) is a digital asset issued by Paxos . Each PAXG token is backed by one fine troy ounce (t oz) of a 400 oz London Good Delivery gold bar, stored in Brink’s vaults. Users that own PAXG will also own the underlying physical gold, held in custody by Paxos Trust Company.