PAX Gold Price

PAX Gold is a gold-backed cryptocurrency created by Paxos. Each PAXG token represents ownership of one troy ounce of physical gold stored in secure vaults. The token's value is directly tied to the real-time market price of gold, allowing investors to gain exposure to gold through a digital asset. PAX Gold operates on the Ethereum blockchain as an ERC-20 token, enabling easy transfer and trading. Key features include: • Full gold backing - each token is backed by allocated gold bars • Redeemable for physical gold • Regulated by the New York State Department of Financial Services • Transparent - gold bar details viewable online • Divisible and transferable like other cryptocurrencies As of 2025-07-17, PAX Gold is ranked #106 with a price of $3,342.7 and 24-hour trading volume of $815K. The circulating supply is 280.56K PAXG PAXG. PAX Gold combines the benefits of gold ownership with the flexibility of cryptocurrency, making it an innovative way to invest in gold digitally.

PAX Gold was created on September 26, 2019. It was launched by Paxos as a gold-backed cryptocurrency, with each token representing one fine troy ounce of London Good Delivery gold stored in secure vaults. As an ERC-20 token on the Ethereum blockchain, PAX Gold combines the benefits of physical gold ownership with the flexibility and accessibility of digital assets.

PAX Gold was founded by Paxos, a regulated financial institution and technology company. The founders of Paxos, who created PAXG, are Charles Cascarilla and Rich Teo. They established Paxos in 2012 with the goal of modernizing financial market infrastructure and making it more open and accessible. PAX Gold was launched in September 2019 as a gold-backed cryptocurrency, with each token representing one fine troy ounce of London Good Delivery gold stored in Brink's vaults. As a regulated trust company, Paxos is overseen by the New York State Department of Financial Services, ensuring compliance and security for PAXG holders.

PAX Gold works as a gold-backed cryptocurrency on the Ethereum blockchain. Each PAXG token represents ownership of one troy ounce of physical gold stored in secure vaults. Key features: 1. Backed 1:1 by allocated gold bars 2. Gold is stored in LBMA-approved vaults 3. ERC-20 token for easy trading and transfer 4. Redeemable for physical gold or fiat currency 5. Real-time gold price tracking 6. Regulated by the New York State Department of Financial Services Users can purchase PAXG tokens to gain exposure to gold prices without the hassles of storing physical gold. The tokens can be traded 24/7 on various crypto exchanges. Ownership records are maintained on the Ethereum blockchain, providing transparency and security. PAXG combines the benefits of physical gold ownership with the flexibility of a digital asset.

PAX Gold is built on the Ethereum blockchain as an ERC-20 token. Each PAXG token represents ownership of one fine troy ounce of a 400-ounce London Good Delivery gold bar, securely stored in Brink's vaults. The smart contract ensures that when a user transfers or trades PAXG, it automatically updates ownership of the corresponding physical gold. This architecture allows PAXG to combine the benefits of physical gold ownership with the speed and flexibility of a digital asset. Users can easily verify their gold holdings by entering their Ethereum wallet address on the PAX Gold platform. The ERC-20 standard enables PAXG to be widely compatible with various exchanges, wallets, and DeFi applications in the Ethereum ecosystem.

The future of PAX Gold looks promising as it continues to bridge the gap between traditional gold investments and the digital asset space. PAX Gold's roadmap focuses on expanding its ecosystem and enhancing accessibility. Key developments include: 1. Increased adoption: Partnering with more exchanges, wallets, and DeFi platforms to broaden PAX Gold's reach. 2. Enhanced liquidity: Improving market depth and reducing spreads to make PAX Gold more attractive for traders and investors. 3. Cross-chain compatibility: Exploring integration with other blockchain networks to increase interoperability. 4. Institutional focus: Developing tailored solutions for institutional investors to facilitate larger-scale gold investments. 5. Regulatory compliance: Maintaining strict adherence to regulations while working with authorities to establish clear frameworks for gold-backed cryptocurrencies. 6. Technological improvements: Upgrading smart contract functionality and exploring layer-2 solutions for faster and cheaper transactions. 7. Education initiatives: Increasing awareness about the benefits of tokenized gold through marketing campaigns and partnerships. By 2026, PAX Gold aims to be among the top 50 cryptocurrencies by market cap. Long-term projections suggest a potential price of $5,213.02 by 2030, driven by increased gold demand and wider crypto adoption.