Fidelity Digital Assets vs Paxos Gold (PAXG)

Fidelity Digital Assets (dedicated custody) and Paxos Gold (PAXG) (tokenized-gold) serve different corners of the Bitcoin ecosystem, but the question that matters most is the same: who controls the keys? Both platforms earned a B rating in our scoring methodology, landing at 76/100. The tie breaks down in the category details.

Where Each Platform Wins

On custody and security, these two are within 0 points of each other (80 vs. 80). When custody scores are this close, look at the specifics: key management model, insurance coverage, and whether either platform has a single point of failure. Fidelity Digital Assets's strongest advantage is in support (85 vs. 72), where Fidelity Digital Assets's customer support infrastructure and response times makes a measurable difference. Paxos Gold (PAXG) stands out on transparency (85 vs. 70), reflecting Paxos Gold (PAXG)'s approach to proof-of-reserves and public documentation.

The Custody Question

Neither Fidelity Digital Assets nor Paxos Gold (PAXG) has fully eliminated single-point-of-failure risk. Fidelity Digital Assets uses Qualified Custodian and Paxos Gold (PAXG) uses Brink's Vaults + NY DFS Regulated. Both models leave your bitcoin exposed to custodial concentration risk — if that one entity fails, your bitcoin could be locked, seized, or lost. For long-term holders, this is the most important factor to weigh.

Bottom Line

These two platforms score identically at 76/100. Your choice comes down to what you prioritize. Fidelity Digital Assets excels at backed by fidelity's brand and balance sheet. regulated. soc 2 type 2., while Paxos Gold (PAXG) is known for each paxg token backed by one troy ounce of london good delivery gold in brink's vaults. ny dfs regulated. monthly attestations. unique: individual bar serial number lookup per token holder.. Review the category breakdowns above and consider which trade-offs matter most for how you plan to hold bitcoin.