PAX Gold (PAXG) is a cryptographic asset where each token represents one troy ounce of a 400-ounce standard delivery gold bar held in Brink's professional vaults. All holders of PAX Gold enjoy direct ownership of the corresponding gold held in custody by the Paxos Trust Company. Therefore, the value of PAX Gold will track the real-time market price of gold.
PAX Gold customers not only own the physical gold anchored behind them, but also enjoy the speed and liquidity of digital assets. Clients can own some of the top quality physical gold. On Paxos' official website, customers can quickly and efficiently convert their tokens into registered gold, non-registered gold, or legal currency (and vice versa), reducing delivery risks.
PAXG holders can use their Ethereum wallet address at Paxos.com/paxgold to check the serial number, value and other physical characteristics of the gold behind their encrypted gold coin PAXG anytime and anywhere.