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.
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.
Paxos as single issuer and regulatory entity. Physical gold concentration in London vaults. Minimum 430 PAXG ($1M+) for physical redemption.