Today's PAXG Price

What is PAX Gold (PAXG)?

PAX Gold (PAXG) is a tokenized gold asset issued by Paxos that represents ownership of physical gold stored in professional vaults. Each PAXG token is backed by one fine troy ounce of London Good Delivery gold, giving holders direct exposure to gold while retaining the portability and programmability of a blockchain-based asset.

PAXG is issued on Ethereum as an ERC-20 token. Token holders can verify custody details and bar serial numbers through Paxos’ reporting tools. The official project page is available at paxos.com/pax-gold.

Quick Summary

1. PAXG is tokenized physical gold: each token represents one troy ounce of allocated gold held in vaults.
2. Ethereum-based (ERC-20): PAXG combines traditional gold exposure with on-chain transferability and DeFi compatibility.
3. Use case focus: store-of-value, hedging, portfolio diversification, and blockchain settlement.

Background & Entry Into Crypto

PAXG was created to bridge traditional commodities and blockchain infrastructure. While physical gold has long been viewed as a store of value, it is costly to transport, difficult to divide, and slow to settle. Paxos introduced PAXG to allow gold ownership to move at blockchain speed without abandoning physical backing.

The result is a regulated token that maps real-world gold bars to on-chain units, enabling fractional ownership, fast settlement, and global accessibility.

Major Contributions & Impact

PAXG’s main contribution is demonstrating how real-world assets (RWAs) can be represented on-chain without relying on synthetic exposure. Instead of tracking gold prices via derivatives, PAXG directly links tokens to allocated bullion.

This approach has influenced the broader tokenized-asset space, where commodities, treasuries, and other traditional instruments are increasingly issued as blockchain-native assets.

Influence on the Crypto Industry

PAXG sits at the intersection of crypto and traditional finance. It provides a compliant, asset-backed alternative to purely algorithmic or synthetic “gold” tokens, making it attractive to institutions and conservative crypto investors.

Market participants often compare PAXG with majors like BTC price on CoinW and ETH price on CoinW, since demand for tokenized gold can increase during periods of volatility or risk-off sentiment.

Role

PAXG functions as a tokenized commodity asset. Its role is not governance or network security, but rather ownership representation and settlement efficiency for physical gold on-chain.

PAXG vs. a Traditional Exchange Token (High-Level Comparison)

How PAXG works in practice

1. Minting: Paxos issues PAXG tokens when physical gold is allocated and placed in custody.
2. Ownership mapping: each token corresponds to a specific gold bar or fraction thereof.
3. On-chain transfer: PAXG can be sent peer-to-peer like any ERC-20 token.
4. Redemption options: holders can redeem PAXG for physical gold or fiat through Paxos (subject to eligibility and fees).

Notable Quotes

Paxos describes PAX Gold as “digital gold,” emphasizing that token holders own the underlying metal rather than a price derivative.

Legacy, Net Worth, and Future Outlook

Legacy: PAXG is one of the most widely recognized examples of regulated, physically backed tokenized commodities.

Net worth: PAXG does not have a company-style valuation. Its economic footprint is better measured by total gold ounces tokenized, circulating supply, and on-chain usage.

Future outlook: As tokenization of real-world assets expands, PAXG may benefit from increased demand for compliant, blockchain-settled commodities—particularly during macroeconomic uncertainty.

Key Aspects of PAXG’s Tokenomics

Supply model: PAXG supply expands or contracts based on minting and redemption tied directly to physical gold holdings.

No inflation schedule: new tokens are only issued when additional gold is deposited.

Transparency: Paxos publishes regular attestations confirming that issued tokens are fully backed.

What Are PAXG’s Main Use Cases?

1. Store of value: gain gold exposure without holding physical bars.
2. Portfolio diversification: hedge crypto volatility with an asset historically viewed as defensive.
3. On-chain settlement: transfer gold ownership globally within minutes.
4. DeFi collateral: use tokenized gold in lending or structured products where supported.

What Are the Risks and Ethical Concerns of PAXG?

1. Custodial risk: holders rely on Paxos’ custody and vaulting arrangements.
2. Regulatory exposure: PAXG operates under specific regulatory frameworks that could evolve.
3. Smart contract risk: as an ERC-20 token, PAXG inherits blockchain-level and contract risks.
4. Liquidity considerations: liquidity can vary by venue and market conditions.

How to Get Started with PAXG

1. Learn about the asset and custody model at paxos.com/pax-gold.
2. Track the market on CoinW: PAXG price on CoinW.
3. Consider how tokenized gold fits your portfolio goals before committing capital.

FAQs

1. What is PAX Gold (PAXG)?
2. PAXG is a tokenized gold asset where each token represents one troy ounce of physical gold held in custody.
3. Is PAXG backed by real gold?
4. Yes. PAXG is backed by allocated London Good Delivery gold stored in professional vaults.
5. Is PAXG inflationary?
6. No. Tokens are minted only when new gold is deposited and burned upon redemption.
7. Where can I track PAXG on CoinW?
8. You can view it here: PAXG price on CoinW.

References / Sources

1. Paxos: PAX Gold (Official Site)
2. CoinW: PAXG Price Page

Sign up with CoinW to buy, sell, and manage crypto easily.

About CoinW: Founded in 2017, CoinW is a global cryptocurrency trading platform. Explore markets like BTC, ETH, and PAXG.