$PAXG just went live on Base
Paxos dropped tokenized gold on Coinbase's L2. Each token = 1 troy ounce of physical gold in LBMA vaults. OCC-regulated, KPMG attested monthly.
The alpha: $PAXG will be the first non-crypto collateral in Coinbase Borrow (powered by Morpho). You can now borrow against gold without selling it — same flow as borrowing against $BTC or $ETH.
Physical gold and gold ETFs are dead weight. You hold them, they sit there. Need cash? You sell or deal with specialty lenders. $PAXG flips that: keep your gold exposure, unlock liquidity onchain in seconds.
Why it matters:
• Zero holding fees (gold ETFs charge 10-40bps/year)
• Instant settlement vs T+2 for ETFs
• Redeem for physical bars (430 $PAXG min), unallocated gold, or cash anytime
• Same reserves across Ethereum, Solana, Base — one standard, every chain
Coinbase Borrow integration rolling out in the coming weeks. DeFi venues already live on Base.
Gold just became composable.
Paxos dropped tokenized gold on Coinbase's L2. Each token = 1 troy ounce of physical gold in LBMA vaults. OCC-regulated, KPMG attested monthly.
The alpha: $PAXG will be the first non-crypto collateral in Coinbase Borrow (powered by Morpho). You can now borrow against gold without selling it — same flow as borrowing against $BTC or $ETH.
Physical gold and gold ETFs are dead weight. You hold them, they sit there. Need cash? You sell or deal with specialty lenders. $PAXG flips that: keep your gold exposure, unlock liquidity onchain in seconds.
Why it matters:
• Zero holding fees (gold ETFs charge 10-40bps/year)
• Instant settlement vs T+2 for ETFs
• Redeem for physical bars (430 $PAXG min), unallocated gold, or cash anytime
• Same reserves across Ethereum, Solana, Base — one standard, every chain
Coinbase Borrow integration rolling out in the coming weeks. DeFi venues already live on Base.
Gold just became composable.