A Gold Token That Grows in Gold Terms

@PaxosLabs and @Chainlink have joined forces to launch $PAXGy, a new gold-backed token built on top of $PAXG and issued by @Paxos. Paxos Labs describes itself as an enterprise-grade digital asset infrastructure provider, and PAXGy is designed to accrue value in gold terms over time.

The product goes beyond simply representing gold. The gold backing each token is deployed to a network of vetted institutional borrowers through the same leasing market that has set bullion lease rates for decades. As those reserves are deployed, value accrues to the PAXGy exchange rate, so each token comes to be worth more PAXG over time. Holders deposit PAXG or swap accepted stablecoins to receive PAXGy.

Chainlink CCIP as the Cross-Chain Backbone

The partnership places Chainlink's Cross-Chain Interoperability Protocol (CCIP) at the core of the architecture. Chainlink's CCIP serves as the exclusive cross-chain messaging provider, so holders can move a PAXGy position across chains without unwinding it first. CCIP is Chainlink's universal standard for secure cross-chain communication, enabling blockchains to send and receive both messages and value between public, private, and institutional blockchains.

That infrastructure choice carries weight for institutional participants. Chainlink is the only data and interoperability oracle platform meeting key institutional security standards, including SOC 2 Type 2, SOC 2 Type 1, and ISO/IEC 27001:2022 certification. Chainlink's own documentation notes that institutional capital will not migrate onchain in any meaningful way unless the underlying infrastructure meets the highest security standards.

$PAXGy is live on OKX as the only centralized exchange listing at launch, and across onchain platforms including X Layer, 0x, @Uniswap, and @ether_fi. Those integrations mean $PAXGy can be used for trading, portfolio management, and collateral across DeFi platforms from day one.

The launch arrives against a backdrop of rapid growth in tokenized gold. Tokenized gold now exceeds $5 billion in value and traded $90.7 billion in the first quarter of 2026, surpassing all of 2025 combined. $PAXG itself is the only federally regulated tokenized gold asset, fully backed by investment-grade gold held in LBMA vaults and independently attested by KPMG.

Paxos Labs was incubated inside Paxos Trust Company and formally spun out as a standalone operation in mid-2025. In April 2026, the company raised $12 million to fund development of what it calls the Amplify suite, a collection of digital asset products designed to bring institutional-grade finance onchain.

Sources:
Paxos Labs official press release via PR Newswire
Crypto Briefing: Paxos Labs Launches PAXGy
Chainlink: CCIP Cross-Chain Standard