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PAX Gold

PAX Gold (PAXG)

$ 4,189.31
0.02 %
Main info
News
Comments
Markets
Analytics
Market cap
$1.84B
0.02 %
Volume (24h)
$37.89M
0.02 %
Circulating supply
290,578 PAXG
Total supply
290,578 PAXG

About PAX Gold

Overview of PAX Gold

PAX Gold (PAXG) is an asset-backed token where one token represents one fine troy ounce of a London Good Delivery gold bar, stored in professional vault facilities. Anyone who owns PAXG has ownership rights to that gold under the custody of Paxos Trust Company. Since PAXG represents physical gold, its value is tied directly to the real-time market value of that physical gold.

PAXG gives customers the benefits of actual physical ownership of specific gold bars with the speed and mobility of a digital asset. Customers are able to have fractional ownership of physical bars. On the Paxos platform, customers can convert their tokens to allocated gold, unallocated gold, or fiat currency (and vice versa) quickly and efficiently, reducing their exposure to settlement risk.

Availability and Trading

PAXG is also available for trading on Paxos’ itBit exchange. PAXG will also be available on other crypto-asset exchanges, wallets, lending platforms and elsewhere within the crypto ecosystem.

Gold Ownership Details

At any time, PAXG holders can lookup the serial number, value and physical characteristics of their vaulted gold just by entering their Ethereum wallet address on the PAXG lookup tool on Paxos.com/paxgold.

Key data

updated $0
Market cap$1.84B
Volume 24h$37.89M
Circulating supply290.58K
All-time high$5,619.09-25% from peak · 2026-01-28

PAX Gold (PAXG) is a stablecoin backed by physical gold — specifically, one token represents one fine troy ounce of a London Good Delivery gold bar. It's issued by Paxos, a regulated financial company, and the gold itself sits in professional vaults. In simple terms, it lets you own gold in digital form without dealing with bars, storage, or insurance yourself.

Frequently asked questions

What is PAX Gold and how is it different from regular gold or other stablecoins?

PAXG is an ERC-20 token on the Ethereum blockchain, where each token is pegged to one troy ounce of investment-grade gold held in vaults. Unlike most stablecoins pegged to fiat currencies like the US dollar, its value follows the gold price. Unlike physical gold, you can transfer it instantly, split it into fractions, and trade it 24/7.

How does PAX Gold work technically?

PAXG runs as an ERC-20 smart contract on Ethereum, so it inherits the network's security and works with any Ethereum-compatible wallet or DeFi application. Paxos, the issuer, is regulated as a trust company and holds the underlying gold in accredited vaults, with monthly third-party audits verifying the reserves. The token can be redeemed for actual gold bars or their cash equivalent.

How is PAXG issued and what keeps its supply in check?

New tokens are only minted when someone deposits funds or gold with Paxos, and tokens are burned when they're redeemed — so the supply always matches the amount of gold in the vaults. This 1:1 reserve model is verified through regular attestations by independent auditors. There's no mining or staking; supply simply tracks demand for tokenized gold.

How can you store and use PAX Gold?

Since it's an ERC-20 token, you can keep PAXG in any Ethereum wallet like MetaMask, Ledger, or a custodial exchange wallet. It can be traded on major crypto exchanges, used in DeFi protocols as collateral, or sent anywhere in the world like any other token. Holders can also redeem their tokens for physical gold bars or cash through Paxos directly.