PAX Gold

PAX Gold is a token representing physical gold, launched in 2019 by Paxos Trust Company, which is supervised by the New York State financial regulator. Each PAXG is designed to correspond to one troy ounce of fine gold from bars stored in professional vaults in London that meet the LBMA's London Good Delivery standard.

Token holders can use a lookup tool provided by Paxos to view the serial number, purity and weight details of the bar allocated to their balance. Users with a Paxos account can exchange PAXG for US dollars or physical gold under set conditions. PAXG is issued under the Ethereum token standard and, thanks to its divisible structure, makes it possible to own small amounts of gold on-chain.

The token's value is designed to stay close to the price of an ounce of gold; however, small differences can arise from supply and demand on exchanges, and there is counterparty risk tied to the issuer. On Lzzo.com, the PAXG price is shown by converting the Binance USDT pair into US dollars using the Coinbase Exchange USDT/USD rate; it is for information only.