PAX Gold Price(PAXG)

PAX Gold ($PAXG) is a commodity-backed digital currency, also known as a gold stablecoin, which is issued by Paxos, a regulated financial institution. Each PAXG token represents one fine troy ounce of gold stored in highly secure, London Bullion Market Association (LBMA) approved vaults located in London. The project seeks to provide a seamless, efficient, and transparent way for individuals and institutions to invest in gold without the traditional barriers typically associated with physical gold ownership.

The goal of PAX Gold is not just to offer a digital proxy for gold but to redefine how gold is viewed and interacted with in the context of investment. By tokenizing physical gold, PAXG enables fractional ownership, allowing investors to purchase smaller amounts of gold seamlessly. This process is designed to overcome the common limitations that prevent many retail investors from gaining exposure to gold as a safe-haven asset.