Paxos launches physical bar redeemable PAX Gold (PAXG) token

Every PAX Gold token is backed by an ounce of allocated gold

Paxos launches physical gold redeemable PAX Gold (PAXG) token

Paxos, a blockchain asset and crypto service company, has now introduced and launched PAX Gold (PAXG), a regulated crypto-asset redeemable for physical gold.

PAXG is an asset-backed digital token, each representing one fine troy ounce of investment-grade gold; London Good Delivery gold bars stored in Brink’s vaults in London.

Customers own the underlying physical gold, while benefiting from the speed and mobility of a digital asset. As an ERC-20 token, PAX Gold can be integrated into crypto wallets, exchanges, and lending platforms.

Promotion

The first customers to buy PAX Gold are eligible to receive an exclusive 2% rebate in USD. PAX Gold will also be available on Paxos-owned itBit exchange with zero fees for the first 30 days.

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