Price Pax Gold (PAXG)

PAX Gold (PAXG) is a crypto launched by New York-based Paxos Trust Company.
PAX Gold was introduced in September 2019, with the idea of digitizing gold and making it accessible as a digital asset.
PAXG is an ERC-20 token on the Ethereum blockchain, with each token representing an ounce of standard London Good Delivery gold.
The aim is to facilitate gold ownership, without the hassle of physical storage.
PAXG is one of the few regulated digital assets, issued by a company chartered as a New York State Trust and subject to regular audits.
Since its launch, PAXG has been adopted by various crypto-currency exchange platforms and digital financial services.
PAXG offers a modern alternative to investing in gold.
PAX Gold stands out in the crypto-currency ecosystem for its direct link to a tangible physical asset, and for the high level of trust and compliance it offers.

PAX Gold (PAXG) was created by Paxos Trust Company, which was founded by Charles Cascarilla and Rich Teo.
Charles Cascarilla’s background is in finance and technology.
Rich Teo, co-founder, brought his experience in finance and entrepreneurship.
Together, they launched Paxos with the aim of modernizing financial services through blockchain innovation, and PAXG is one of their initiatives to digitize traditional assets like gold.

Investors in Paxos, the company behind PAX Gold (PAXG), include several well-known venture capital firms and funds: Oak HC/FT, RRE Ventures, Liberty City Ventures, Jay Jordan, Mithril Capital.

Pax Gold (PAXG) offers several advantages by combining the attributes of physical gold with the convenience of crypto-currencies.
Each PAXG token is backed by an ounce of physical gold stored in secure, verified vaults, offering holders direct ownership of gold, but with the ease of transfer and fractionalization of digital assets.
PAXG provides the stability and traditional value of gold, while avoiding the inconveniences associated with physical ownership, such as storage and insurance.
Pax Gold increased liquidity, enabling users to easily buy, sell or trade fractions of gold through crypto-currency exchange platforms, making gold investment more accessible, flexible and secure.