PAX Gold ($PAXG ) is a gold-backed cryptocurrency launched by Paxos Trust Company in September 2019, designed to provide the stability of physical gold with the efficiency of blockchain technology. Each #PAXG token is an ERC-20 asset on the Ethereum blockchain, backed 1:1 by one fine troy ounce of a London Good Delivery gold bar stored in professional LBMA-certified vaults. Unlike traditional gold investments, PAXG allows for fractional ownership, zero storage fees, and near-instant settlement, making gold accessible for as little as $20. As a regulated financial institution overseen by the New York State Department of Financial Services (NYDFS), Paxos undergoes monthly third-party audits to verify its gold reserves, and token holders have the unique right to redeem their digital assets for physical gold bars or fiat currency.