About PAX Gold
PAX Gold is a gold-backed token, with each unit representing one fine troy ounce of physical gold stored in professional vaults and held by Paxos Trust Company. It makes gold easier to divide, move, and use on blockchain platforms, including trading and decentralized finance. Paxos created and issued the token, launching it in September 2019. PAX Gold is an ERC-20 token on Ethereum, so it relies on Ethereum's network for transaction security rather than running its own consensus. Its supply is elastic and tied to demand: tokens are minted when gold is deposited and burned when they are redeemed for metal, so there is no fixed maximum.
Paxos Labs debuts PAXGy gold token across OKX and DeFi platforms
PAXGy democratizes access to gold leasing markets, enabling retail investors to earn gold yields, potentially reshaping asset-backed tokenization.
Solana’s tokenized commodities surge to $87M weekly volume as Raydium dominates trading
Solana's rise in tokenized commodities trading highlights its growing influence in DeFi, challenging Ethereum's dominance in the sector.
Tokenized gold hits $5.1B but represents less than 0.02% of the $30.1T gold market
Tokenized gold's rapid growth and integration into DeFi highlight its potential to reshape financial markets despite its current market share.
MEXC reports 21% MoM growth in new-token traders and 31% increase in tokenized stock trading volume in August
Kamino launches ZEC-backed borrowing on Solana, letting users borrow USDC against Zcash
Kamino's ZEC-backed borrowing on Solana could enhance DeFi's appeal by integrating privacy-focused assets, potentially reshaping market dynamics.
Ngrave releases ZERO firmware 1.8, adds Polygon token support and open-source QR protocol
Ngrave's open-source QR protocol enhances transparency and security, potentially setting a new standard for hardware wallet communication.
A sourced map of PAX Gold's relationships is on the way.
Partners, competitors and related assets, each link independently verified and source-linked before it appears here.
The Crypto Briefing podcast is on the way.
Conversations on PAX Gold and the wider market, hosted by our team, will appear here once episodes are live.