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Paxos Gold (PAXG)
BBrink's Vaults + NY DFS RegulatedSPOFGold Investors & Institutions
Paxos Gold (PAXG) is an ERC-20 token backed 1:1 by physical London Good Delivery gold bars stored in Brink's vaults in London. Each PAXG token represents one troy ounce of gold. Paxos is regulated by the NY DFS and publishes monthly attestations by WithumSmith+Brown. Uniquely, PAXG holders can look up the specific serial numbers of gold bars allocated to their holdings.
76
Score Breakdown
Custody & Security35% weight
80
Ease of Use20% weight
75
Fees15% weight
72
Features10% weight
68
Transparency10% weight
85
Support10% weight
72
Assessment
Key Strength
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.
Primary Risk
Paxos as single issuer and regulatory entity. Physical gold concentration in London vaults. Minimum 430 PAXG ($1M+) for physical redemption.
Pros
- +Strongest regulatory position (NY DFS)
- +Individual bar serial number verification
- +Monthly professional attestations
- +Brink's vault custody
- +Physical redemption option
Cons
- -High physical redemption minimum (430 PAXG / ~$1M)
- -Ethereum-only (limited multi-chain)
- -Paxos as single entity risk
- -0.02% on-chain transfer fee
Custody Features
✕Multisig
✕Multi-Institution
✕No Single Point of Failure
Segregated Accounts
Proof of Reserves
Insurance
Regulated Custodian
No Physical Exposure
✕Multi-Jurisdiction
✕Inheritance
✕Segregated Insurance
✕IRA
✕Lending
Buy/Sell
✕Dynasty Trusts
Fees
0.02% on-chain transfer fee
Minimum$20 (on exchanges)
Security
Key Management
Institutional trust infrastructure (Paxos)
SOC Compliance
SOC 2 Type 2
Penetration Testing
Insurance & Regulatory
✓Qualified Custodian
Jurisdiction
New York, USA
Licenses
NY DFS Trust Charter
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