About PAX Gold
PAX Gold (PAXG) is a digital asset where one token is backed by one fine troy ounce (t oz) of a 400 oz London Good Delivery gold bar, stored in Brink's gold vaults. Anyone who owns PAXG owns the underlying physical gold, held in custody by Paxos Trust Company. Since PAXG represents physical gold, its value is tied directly to the real-time market value of that physical gold.