PAX Gold (PAXG) is a digital asset backed 1:1 by physical gold, issued by Paxos Trust Company. Each PAXG token represents one troy ounce of London Good Delivery gold stored in professional vaults, allowing investors to own and trade gold digitally without the need for physical storage or transportation.

PAXG can be traded on exchanges, used as collateral in DeFi, or redeemed for physical gold. The token combines the stability and value of gold with the flexibility of blockchain, offering a secure, liquid, and compliant way to gain exposure to precious metals.