|
PAX Gold PAXG |
|
|
$3257.55 |
-0.07% (24h) |
|
|
Marketcap |
||
|
$775,698,682 |
||
|
Volume 24h |
||
|
$57,511,161 |
Description
Paxos Gold (PAXG) is a digital asset backed by physical gold, issued by the Paxos Trust Company.
Each PAXG token represents one troy ounce of a 400-ounce London Good Delivery gold bar stored in professional vault facilities.
Launched in 2019, PAXG allows users to own and trade fractional shares of physical gold in a way that is easy and efficient.
PAXG combines the stability of gold with the flexibility of a blockchain-based digital asset, making it an attractive option for investors seeking exposure to gold without the complexities of physical storage.