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PAXG is the leading regulated gold token: each token represents one fine troy ounce of a London Good Delivery bar held in Brink's London vaults, issued by Paxos Trust Company under NYDFS supervision. Holders can redeem for allocated physical bars, unallocated gold, or USD, and can look up the serial number of their allocated bar.
One token, one fine troy ounce of LBMA gold in Brink's vaults.
Prism analyst note
PAXG rode gold's historic 2024 to 2025 rally past $4,000/oz to become the benchmark hard-asset token. The trust-company structure means holders own title to specific allocated bars, materially stronger than unallocated or synthetic gold exposure. Deep CEX and DEX liquidity, tight tracking to spot, and physical redemption from 430 PAXG upward. The reference asset for tokenized commodities.
Generated from issuer disclosures and reviewed against the sources listed below. Not investment advice.
Structure & compliance
- Underlying
- London Good Delivery gold bars (LBMA accredited)
- Legal structure
- NYDFS-regulated trust; token = title to allocated gold
- Jurisdiction
- United States (New York)
- Custodian
- Brink's (London vaults)
- Administrator
- Paxos Trust Company
- Oracle / NAV source
- Chainlink PAXG/USD; LBMA reference prices
- Reserve information
- Monthly independent attestations of allocated gold; per-address bar serial lookup available.
- Transfer restrictions
- Freely transferable ERC-20; on/off-ramp KYC via Paxos.
- Investor eligibility
- Open / permissionless
- KYC required
- No, permissionless transfers
Reserve verification
Contracts & on-chain data
Addresses shown only where independently confirmed against explorers and issuer documentation. Holder and transfer analytics are available via the linked explorers. 70K+
Documents & disclosures
Frequently asked
Can I redeem for physical gold?+
Yes: allocated Good Delivery bars (from ~430 oz), unallocated gold via partners, or USD at market price.
Is there a storage fee?+
No ongoing custody fee; Paxos charges small on-chain transfer fees (0.02%) and creation/redemption fees.
