PAX Gold (PAXG) is a digital gold-backed cryptocurrency issued by Paxos Trust Company. Each 1 PAXG token represents one fine troy ounce of physical gold stored in secure, LBMA-approved vaults in London. This means PAXG combines the stability of real gold with the flexibility of blockchain technology.

PAXG runs on the Ethereum blockchain (ERC-20), so it can be easily traded, transferred, or stored in crypto wallets. Unlike traditional gold, PAXG is divisible, allowing investors to buy even a small fraction of gold. Token holders can also redeem PAXG for physical gold or fiat, subject to Paxos terms.