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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.

PAXG tokens are burned upon redemption of the physical gold. The current supply is 31,400 PAXG .

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.