PAX Gold

Key Technical Advantages:

Tokenization of physical gold: PAX Gold (PAXG) is a digitized version of real, physical gold. Each PAXG token represents one fine troy ounce of physical gold from a specific serialized gold bar. Tokenization allows for fractional ownership and easy trading of gold. Ethereum-based ERC-20 token: PAXG is built as an Ethereum-based ERC-20 token, which means it has portability across the Ethereum blockchainÕs extensive network of wallets, exchanges, lenders, and other platforms. Regulated financial institution: Paxos Trust Company, the issuer of PAX Gold, is a state-chartered trust company regulated by the New York State Department of Financial Services (NYDFS) and is a qualified custodian, ensuring the highest standards of customer asset protection. Established success in creating asset-backed tokens: Paxos has experience in creating asset-backed tokens, such as Paxos Standard (PAX) and HUSD. They understand the intricacies of the technology and business requirements needed to build and create a market for this class of offering. Access to high-quality gold and secure vaults: Paxos maintains relationships with large institutions in the gold market, ensuring PAX Gold is only supported by the highest-quality gold and stored in some of the most reliable vaults in the world. Content summarized by AI chatbot

Source:

https://www.paxos.com/pax-gold