Is Pax gold legit?

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.

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What is Pax gold cryptocurrency?

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.

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