Can I tokenize gold I already own?
Paxos is unable to tokenize gold that a customer may already own; Paxos only tokenizes London Good Delivery gold bars that it sources directly from an LBMA-member firm. This allows…
Paxos is unable to tokenize gold that a customer may already own; Paxos only tokenizes London Good Delivery gold bars that it sources directly from an LBMA-member firm. This allows…
The amount of gold representing the total supply of PAXG is a 1:1 ratio - one fine troy ounce of gold equals one PAXG token. The total supply of gold…
Paxos has engaged Withum to certify its issued gold tokens always represent the same amount of gold in storage. On a monthly basis, the total supply of PAX Gold (PAXG)…
Paxos works with Brink’s bullion vaults.
Paxos has partnered with several leading third parties in the gold industry so that it can offer physical redemption of PAX Gold (PAXG) tokens. These partners include Brink’s (for storing…
Physical gold on the blockchain has the advantages of representing legal ownership of physical allocated gold without the associated drawbacks of limited transportability or high storage costs. Instead, it has…
When a customer trades for allocated gold bars, they receive ownership rights to specific gold bars that are held in a precious metal dealer’s vault on the customer’s behalf. Allocated…
Since one PAX Gold (PAXG) token always equals one fine troy ounce of London Good Delivery gold, one PAXG token always refers to pure gold, regardless of the impurities that…
“Good Delivery” is the highest quality, investment-grade gold. It is a specification system standardized by the London Bullion Market Association (LBMA). To be deemed London Good Delivery, a bar of…
A fine troy ounce is the standard unit of measurement for gold. It considers both the purity of the metal (fineness) and its weight (troy ounce). Paxos uses a fine…
Binance, the world’s largest cryptocurrency exchange by volume, and Paxos, the first regulated Trust company for digital assets, today announced a partnership to integrate a new deposit gateway on Binance.com.…
On May 31, 2019, Paxos issued its ninth monthly attestation of PAX and USD reserves. Each month, our independent auditor reviews and attests to Paxos’ reserves. Click here to review…