Paxos Gold (PAXG) is an ERC20 token that is Centrally Minted and Burned by Paxos, representing the physical ownership of LBMA accredited Gold Bars.
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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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