01 /
Brief
Paxos-issued token backed 1:1 by physical gold stored in London vaults. Each token represents one fine troy ounce of gold.
02 /
Snapshot
Key terms and identifiers.
- Asset value
- $2.18B
- Fee
- Creation/destruction fee varies (no mgmt fee)
- Backing
- 1 troy oz London Good Delivery gold per token
- Custodian
- Paxos Trust Company (NY DFS-regulated)
- Redeemable
- Yes, physical gold or USD (min 430 PAXG for physical)
- Chains
- Ethereum
- Spec type
- commodity
- As of
- 2026-05
- Asset classes
- Commodities
- Token standards
- erc-20
- Regulatory
- nydfs-trust
- Jurisdiction
- US
- Analytics
- app.rwa.xyz/assets/PAXG
03 /
Milestones
How this player got here.
- Mar 2026PAXG up 51% in Q1 2026, +$800M; tokenized gold market crossed $6B
- Mar 2026GCEX added PAXG trading for institutional clients
- Feb 2026Listed on Robinhood for retail access
- Oct 2025Listed on OKX
- Jun 2024Crossed $500M market cap
- Sep 2019PAX Gold launched (first regulated gold token)
04 /
Connections
Who they build with, build on, integrate with.
Flow
Capital, products, and distribution moving outward.
Dependency
Where this player builds on, integrates, or relies on others.
