Is Paxg Gold? (Cryptocurrency Popular Science Article)
PAXG (Pax Gold) is one of the most popular physical gold tokenized assets in the cryptocurrency market, issued by Paxos Trust Company. It perfectly combines traditional gold investments with blockchain technology, allowing users to easily hold and trade 'digital gold'. Basic concept What each PAXG represents: 1 PAXG = 1 ounce (troy ounce) of physical gold (purity ≥ 99.5%) meeting the London Good Delivery standard.
Gold Storage: Stored in professional vaults such as Brink’s in London, managed by Paxos Trust Company (a trust company regulated by the New York State Department of Financial Services NYDFS).
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