Stablecoin record
Pax Gold
Tokenized physical gold issued by Paxos. Each PAXG represents one fine troy ounce of London Good Delivery gold, with bar allocation, monthly attestation, and multiple issuer exit paths recorded separately.
LifecycleActive
Events1
Sources6
| Symbol | PAXG |
|---|---|
| Asset class | Tokenized Commodity |
| Reference target | Commodity |
| Redemption / exit model | Physical Redemption |
| Valuation source | London gold market pricing used by Paxos |
| Yield / rebase profile | No recorded change · Accrual: No recorded change |
| Classification notes | Allocated tokenized gold, not a fiat stablecoin. Issuer sales, unallocated-gold redemption, and physical-bar redemption have different requirements. |
| Lifecycle status | Active |
| Issuance status | Restricted |
| Peg reference | Commodity · GOLD |
| Backing types | Commodity |
| Stabilization | Issuer Redemption |
| Governance | Centralized |
| Primary organization | Paxos |
| Primary role | Legal Issuer |
| Last reviewed | 2026-06-14 |
| Organization | Role | From | Until | Relationship status |
|---|---|---|---|---|
| Paxos | Legal Issuer | 2019-09-05 | — | Active |
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Compare this record with the rest of the archive.
Paxos
Company · United States
Event history
1 event connected to this stablecoin.
| Disclosure status | Monthly Attestations Available |
|---|---|
| Backing types | Commodity |
| Summary | Paxos states that PAXG is allocated to specific London Good Delivery gold bars and publishes monthly independent attestation reports covering token supply and gold redemption assets. |
| As of | 2026-06-14 |
| Profile confidence | High |
| Current status | Eligible Customers Only |
|---|---|
| Settlement asset | USD, unallocated Loco London gold, or physical London Good Delivery bar |
| Eligible parties | Eligible Paxos account holders subject to onboarding, saved account details, quantity, location, and current terms. |
| Retail access | Available Subject to Paxos Terms |
| Institutional access | Available Subject to Paxos Terms |
| Minimum amount | Physical-bar redemption generally requires about 430 PAXG plus fees; other sale and unallocated-gold paths have separate limits. |
| Fee | Creation, destruction, trading, delivery, and other applicable fees depend on the selected path. |
| Settlement time | London gold-market hours and Paxos processing apply. |
| Regional limits | Paxos account and jurisdiction eligibility apply., Physical-bar delivery is limited to eligible UK vault destinations under current guidance. |
| Section | Entries |
|---|---|
| Organizations | 1 |
| Sources | 6 |
| Reserve reports | 1 |
| Regulatory notes | 0 |
| Deployments | 1 |
| Issuer-control actions | 0 |
| Open questions | 2 |
| Events | 1 |
| Date | Event | Type | Detail kind | Recovered |
|---|---|---|---|---|
| 2019-09-05 | Paxos launches PAX Gold | Launch | Reserve Change | — |
| Date | Publisher | Type | Assets covered | Record confidence |
|---|---|---|---|---|
| 2026-04-30 | Paxos / KPMG LLP | Monthly Attestation Index | Allocated Physical Gold | High |
| Date | Title | Authority / publisher | Type | Summary |
|---|---|---|---|---|
| No regulatory notes have been added yet. | ||||
| Chain | Standard | Deployment | Status | Freeze | Blacklist | Control events | Contract | Notes |
|---|---|---|---|---|---|---|---|---|
| Ethereum | — | Native | Active | Unknown | Unknown | 0 | 0x45804880De22913dAFE09f4980848ECE6EcbAf78 | Ethereum PAXG contract stated in the Pax Gold whitepaper and attestation material. |
| Source | Publisher | Type | Evidence scope | Reliability |
|---|---|---|---|---|
| Paxos Launches PAX Gold | Paxos | Issuer Statement | Paxg Launch Issuer and One Ounce Gold Design | High |
| PAX Gold Whitepaper | Paxos | Whitepaper | Paxg Token Contract Gold Ownership and Redemption Design | High |
| PAX Gold transparency reports | Paxos | Reserve Report Index | Paxg Monthly Attestation Archive | High |
| PAXG allocation and physical gold bar details | Paxos | Issuer Support | Paxg Bar Allocation and Fractional Ownership | High |
| How to buy, sell, or redeem PAX Gold | Paxos | Issuer Support | Paxg USD Unallocated and Physical Redemption Paths | High |
| PAX Gold price determination | Paxos | Issuer Support | Paxg London Gold Market Price Source | High |
| Topic | What remains unclear | Priority | Last checked |
|---|---|---|---|
| Physical Redemption Terms | Current customer-specific bar, unallocated-gold, delivery, fee, and quantity requirements must be checked at redemption time. | Medium | 2026-06-14 |
| Additional Deployments | Paxos identifies Solana support, but the canonical token identifier and lifecycle status are not yet normalized. | Medium | 2026-06-14 |