What backs on-chain gold tokens with physical gold?
PAXG holders can redeem their tokens for physical gold bars or US dollars according to the issuer’s rules. Redemption minimums and fees are subject to the issuer’s announcements.
The difference between holding gold tokens and physical gold is that tokens can be transferred 24/7 and held in tiny fractions, but they require an additional layer of trust in the issuer.
$PAXG represents one troy ounce of physical gold stored in a London vault. Current price: 4170.97.
Cross-check information from multiple sources before acting; don’t rely on just one source.
There’s no guarantee this is correct. Make your own decisions.
PAXG holders can redeem their tokens for physical gold bars or US dollars according to the issuer’s rules. Redemption minimums and fees are subject to the issuer’s announcements.
The difference between holding gold tokens and physical gold is that tokens can be transferred 24/7 and held in tiny fractions, but they require an additional layer of trust in the issuer.
$PAXG represents one troy ounce of physical gold stored in a London vault. Current price: 4170.97.
Cross-check information from multiple sources before acting; don’t rely on just one source.
There’s no guarantee this is correct. Make your own decisions.